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((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Boeing BA.N is closing in on a potential sale of two dozen 777X jets to Korean Air 003490.KS in a deal worth about $4 billion to $6 billion that could close as early as the Farnborough Airshow in July, industry sources said.
South Korea’s largest airline has been in talks for months over a possible return to its traditional supplier of long-haul jets, after placing a surprise order for 33 A350s from Boeing’s European rival Airbus AIR.PA in March.
The sources said the potential new order could be for as many as 20 to 30 777X planes, worth about $198 million each after customary market discounts, based on Cirium Ascend’s estimated delivery prices.
“We are in discussions with the manufacturers, but nothing has been confirmed yet,” an airline spokesman said.
Boeing said it does not comment on commercial discussions and referred any questions about Korean’s intentions to the airline.
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