Business

October 25, 2013

Boeing, Korean Air finalize order for 12 twin-aisle airplanes

Boeing and Korean Air have finalized an order for five 747-8 Intercontinentals and six 777-300ER (Extended Range) jetliners that was announced as a commitment during the Paris Air Show in June.

In addition, Korean Air has also announced an order for one additional 787 Dreamliner. The value of the combined order is valued at $3.9 billion at current list prices.

With this order Korea’s flag carrier expands its backlog of 747-8 Intercontinentals and 777-300ERs to 10 each. The order also increases Korean Air’s 787 backlog to 11.

“We are honored to partner with Korean Air once again to provide them with the most efficient twin-aisle airplanes in the market,” said Ray Conner, president and CEO of Boeing Commercial Airplanes. “With 90 Boeing passenger airplanes in Korean Air’s fleet and counting, we are proud our twin-aisle airplanes will continue to serve as the backbone of their long haul operations.”

Korean Air is currently the only airline in the world to order both the passenger and freighter variations of the 747-8. The airline also became the first international carrier to simultaneously operate both the 747-8 and 777 Freighter.

Korean Air’s current fleet of 90 Boeing passenger airplanes consists of 737, 747 and 777 airplanes.

The airline also operates an all-Boeing cargo fleet of 27 747-400, 747-8 and 777 Freighters. The airline’s Aerospace Division is also a key Boeing partner on both the 747-8 and 787 programs, supplying the distinctive raked wing-tips for each model.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines September 11, 2014

News: Obama ready to strike at Islamic State militants in Syria, he tells policy experts - President Obama is prepared to use U.S. military airstrikes in Syria as part of an expanded campaign to defeat the Islamic State and does not believe he needs formal congressional approval to take that action, according to people who have...
 
 

News Briefs September 11, 2014

U.S. airstrikes in Iraq hit Islamic State vehicles The U.S. military says it launched five more airstrikes in support of Iraqi government troops and Sunni tribesmen protecting the Haditha Dam against fighters of the Islamic State group that controls parts of northern and western Iraq. Central Command says that a combination of U.S. attack, fighter...
 
 
boeing-india

Boeing delivers fifth P-8I maritime patrol aircraft to India

  Boeing delivered the fifth P-8I maritime patrol aircraft to India, on schedule, Sept. 9 as part of a contract for eight aircraft to support the Indian Navy’s maritime patrol requirements. The aircraft arrived at Naval ...
 

 

Raytheon receives $109 million contract for Patriot Air and Missile Defense System

Raytheon Comp received a $109 million Engineering Services contract for its Patriot Air and Missile Defense System. The contract, issued by the U.S. Army Aviation and Missile Command, Redstone Arsenal, Ala., is for ongoing technical support and services to the U.S. Army and Foreign Military Sale customers to ensure readiness of their Patriot systems. “Customers...
 
 
boeing-satellite

Boeing receives first order for 502 Phoenix small satellite

EL SEGUNDO, Calif. – Boeing has received its first commercial order for the 502 Phoenix small satellite from HySpecIQ of Washington, D.C. The satellites will carry the commercial remote sensing industry’s first high...
 
 

Northrop Grumman to develop active electronically scanned array technology

Northrop Grumman has been selected by the Defense Advanced Research Projects Agency to develop and demonstrate advanced wideband digital antenna technology for next generation radio frequency sensors using active electronically scanned arrays. The DARPA Microsystems Technology Office awarded Northrop Grumman an $11.9 million contract for phase one of the Arrays on Commercial Timescales (ACT) pr...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>