Korean Air to acquire 30 Boeing 787 Dreamliners

Boeing, Korean Air and Air Lease Corporation announced on June 18, 2019, at the Paris Air Show the airline plans to add 30 new 787 Dreamliner airplanes to its fleet, with a commitment to purchase 10 new 787-10s and 10 additional 787-9 airplanes valued at $6.3 billion at current list prices.

As part of this agreement, Korean Air will also lease 10 787-10s from ALC.

The airline will introduce the larger 787-10 to complement its long-haul fleet of 787-9 and 777 airplanes.

With this order, Korea’s flag carrier will quadruple its 787 fleet to 40 airplanes as it looks to strengthen its long-haul fleet.

The 787-10 is the largest member of Dreamliner family. At 224 feet long (68 meters), the 787-10 can serve up to 330 passengers in a standard two-class configuration, about 40 more than Korean Air’s existing fleet of 787-9 airplanes.

The Korean national carrier operates a fleet of 96 Boeing passenger airplanes, including the Next-Generation 737, 747, 777 and 787 airplanes. The airline also operates an all-Boeing cargo fleet with the 747-400, 747-8 and 777 Freighters.

Korean Air selected the GEnx engine to power its 30 additional Boeing 787 Dreamliners. This selection will increase Korean Air’s GEnx-powered Dreamliner fleet to 40 aircraft.

With a fleet of 168 aircraft, Korean Air serves 126 destinations in 44 countries worldwide. It is a founding member of the SkyTeam alliance and recently formed a Joint Venture partnership with Delta Air Lines.

In addition to supporting Korean Air, ALC committed to purchase an additional five 787-9 Dreamliners, valued at $1.5 billion at list prices, during the Paris Air Show.

“Demand for reliable, versatile, and fuel-efficient airplanes is at an all-time high,” said Steven Udvar-Házy, Executive Chairman of Air Lease Corporation. “These five Boeing 787-9 aircraft are required by our airline customers to satisfy strong ALC lease placements of the 787.”

 

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