Korean air finalises us$44.8bn Boeing order
Korean Air finalized a $44.8bn deal with Boeing, GE Aerospace, and CFM International for 103 aircraft and 21 spare engines, including 20 Boeing 777-9s and 25 Boeing 787-10s. The agreement also covers a 15-year maintenance contract worth $8.6bn. According to Korean Air, the deal supports capacity growth and carbon reduction targets. Boeing's 777-9 deliveries are expected to begin in 2027.
How this was made
The 30-second read
Why it matters
The contract expands Boeing's backlog and reinforces its position in the Asia‑Pacific market, while providing GE Aerospace with a sizable engine order.
Market read
A major aerospace contract that could lift aerospace stocks and influence sector sentiment.
What to watch
Potential financing risk for Korean Air and currency exposure could affect contract execution.
Background
Korean Air finalised a multi‑year procurement plan with Boeing, GE Aerospace and CFM International, covering 103 aircraft and engine support.
Ticker impact
Boeing secured a $44.8bn aircraft order from Korean Air, its largest single customer contract to date.
Potential upside for BA as investors price in higher order book and earnings uplift.
Large, newly disclosed contract; material to Boeing's order backlog and future cash flow.
GE Aerospace will supply 21 spare engines worth $8.6bn as part of the Korean Air deal.
Modest upside for GE as engine revenue contribution rises.
Sub‑stantial engine component of the contract, but smaller relative to Boeing's aircraft portion.
Market effects
Strengthens demand outlook for commercial aircraft and engine manufacturers.
Supports South Korean aviation sector and related suppliers.
Adds to global aerospace order backlog, influencing industry earnings forecasts.
Counterpoint
If Boeing's 777X delays persist, the value of the order could be deferred, limiting near‑term impact.
Key entities
- AirlineKorean Air
South Korean flag carrier finalising a $44.8bn aircraft purchase.
- Aerospace ManufacturerBoeing
Recipient of the aircraft order.
- Engine ManufacturerGE Aerospace
Supplier of spare engines in the deal.
