Korean Air plans to add 30 new B787 Dreamliner aircraft to its fleet, with a commitment to purchase 10 new B787-10s and 10 additional B787-9 aircraft valued at USD 6.3 billion at list prices. As part of this agreement signed at the Paris Air Show, Korean Air will also lease 10 B787-10s from Air Lease Corporation (ALC).
The airline, one of the largest transpacific carriers in Asia with 16 non-stop routes to North America, will introduce the larger B787-10 to complement its long-haul fleet of B787-9 and B777 aircraft.
“As we continue to innovate our product offering, the B787 Dreamliner family will become the backbone of our long-haul fleet for many years to come,” says Walter Cho, chairman of Korean Air.
“In addition to 25 per cent improved fuel efficiency, the stretched 787-10 offers around 15 per cent more space for passengers and cargo than our 787-9s, which will be critical to our long-term business goals.”
With this order, Korea’s flag carrier will quadruple its B787 fleet to 40 aircraft as it looks to strengthen its long-haul fleet.
“ALC is delighted and honored to bring the 787-10 to Korean Air’s fleet in a joint effort with Boeing,” remarks John L. Plueger, CEO and president of Air Lease Corporation. “The 787-10 provides significant revenue enhancement to complement Korean’s 787-9 fleet, and the long-term lease of ten 787-10s from ALC will greatly expand the scope and reach of the 787-10 in Korean Air’s global network.”
“Today’s announcement demonstrates the strength of our enduring partnership with Korean Air,” adds Kevin McAllister, president and chief executive officer, Boeing Commercial Airplanes. “The airline has been a pioneer in Asia’s commercial aviation industry over the past five decades and Boeing is honoured to play an important role in their continued success,” said .
Korean Air operates a fleet of 96 Boeing passenger aircraft, including the Next-Generation B737, B747, B777 and B787 aircraft The airline also operates an all-Boeing cargo fleet with the B747-400, B747-8 and B777 Freighters. The carrier also operates Airbus aircraft including A220, A321, A330 and A380s for a total fleet of 168 aircraft.