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Korean Air to Buy 25 Aircraft From Boeing for $5.5 Billion
Monday, November 20, 2006
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SEOUL, South Korea — South Korea's flag carrier Korean Air said Tuesday it will buy 25 aircraft from Boeing Co. for around US$5.5 billion.
Under the deal, Boeing will deliver 15 passenger jets and 10 freighters to Korean Air — the world's largest air cargo carrier — over a 10-year period from 2009, Korean Air said in a statement.
"The addition of Boeing's aircraft to our fleet will play an integral part in our development to become a leader in the world's aviation industry," Korean Air's chief executive, Cho Yang-ho, said in a statement.
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