Korean Air has announced one of the largest aircraft orders in its history, confirming a $36.2 billion agreement to purchase 103 new Boeing jets. The deal, unveiled on Monday, also includes spare engines and a long-term maintenance programme worth a further $13.8 billion with GE Aerospace and CFM International.
The purchase comprises 20 Boeing 777-9s, 25 Boeing 787-10s, 50 Boeing 737-10s and eight Boeing 777-8F freighters, with deliveries set to be phased through to the end of 2030.
Walter Cho, chairman and CEO of Korean Air, described the order as a “pivotal moment” for the airline, which finalised its merger with rival Asiana Airlines in late 2024.
“Acquiring these next-generation aircraft is the core of our fleet modernisation strategy, delivering significant gains in fuel efficiency and enhancing the passenger experience across our global network,” said Cho. “This investment is also a critical enabler for our future as a merged airline with Asiana, to ensure that our combined carrier is one of the most competitive airlines in the industry.”
The announcement reflects Korean Air’s long-term strategy to standardise operations around five aircraft families: Boeing’s 777, 787 and 737 series, and Airbus’s A350 and A321neo.
The investment is the clearest signal yet of Korean Air’s ambition to position itself as a leading global carrier following its integration with Asiana. By committing to some of Boeing’s most advanced aircraft, the airline aims to strengthen competitiveness on long-haul routes, boost cargo capacity, and meet rising passenger demand while cutting emissions.
The $50 billion-plus package also underlines the strategic role of the airline’s fleet renewal as it prepares to compete in an increasingly consolidated Asian aviation market.