Korean Air Orders $850 Million in GE and CFM56* Engines
EVENDALE, Ohio -- Korean Air has ordered 25 Boeing aircraft powered by GE or CFM56 engines. The value of the order is more than $850 million (USD). This is the largest aircraft order in Korea's aviation history.
The South Korean airline ordered the following:
The airline also has options for an additional eight aircraft, including four 777-300ERs, two 747-8 Freighters, and two 737-900ERs.
Deliveries will begin in 2009.
Korean Air, with a fleet of 118 aircraft, is one of the world's top 20 airlines, and operates almost 400 passenger flights per day to 102 cities in 33 countries.
GE Aviation, an operating unit of General Electric Company (NYSE: GE), is one of the world's leading manufacturers of jet engines for civil and military aircraft. GE also is a world-leading provider of maintenance and support services for jet engines.
*CFM56 engines are produced by CFM international, a 50/50 joint company between GE and Snecma.