Korean Air has finalised a $44.8 billion package covering 103 Boeing aircraft, spare engines and long-term maintenance, cementing a fleet renewal plan built around the 777-9, 787-10, 737-10 and 777-8 Freighter. The agreement, completed in Seoul and publicly confirmed on Wednesday, converts a commitment first made in August 2025 into a firm order that will shape the airline’s capacity and replacement strategy into the 2030s.
The aircraft component of the package is worth about $36.2 billion and includes 20 777-9s, 25 787-10s, 50 737-10s and eight 777-8 Freighters. The wider deal adds about $8.6 billion in engine-related agreements with GE Aerospace and CFM International, covering 21 spare engines and a 15-year maintenance programme for 28 aircraft.
The signing took place at the Conrad Seoul hotel with senior executives from Korean Air, Boeing, GE Aerospace and CFM International present. Deliveries are expected to begin in the early 2030s, leaving the order geared to long-term fleet modernisation rather than near-term capacity relief.