Korean Air set to order around 20 Boeing 777X jets, sources say – 07/22/2024 at 11:41

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((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

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Boeing BA.N is expected to announce an order for about 20 777X jets from Korean Air 003490.KS on Monday, giving a boost to the U.S. planemaker’s long-delayed jet program, two people familiar with the matter said.

Reuters first reported the deal in early July. Monday’s announcement at the Farnborough Airshow could also include 787s, one of the sources said.

Boeing declined to comment.

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 with Airbus AIR.PA in March.

The 777Xs are worth about $198 million each after usual discounts, based on Cirium Ascend’s delivered pricing.

The 777X is the industry’s largest twinjet, with about 400 seats, but its entry into service has been delayed by five years due to problems including certification delays.

Boeing began certification flight testing of the 777-9 earlier this month with U.S. aviation regulators.

The orders come at a time when Boeing is grappling with a quality crisis that has put it under increased regulatory and legal scrutiny after a door panel exploded near a new 737 MAX 9 in January.

Boeing announced a separate order for four 777 freighters from National Airlines on Monday.

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