![Government and corporate representatives from both countries pose for a commemorative photo at the "Signing Ceremony for Strengthening Cooperation between Korean Air, Boeing, and GE" held in Washington D.C. on March 21 (local time). Pictured are Ahn Duk-geun, Minister of Trade, Industry and Energy (third from right), Cho Won-tae, Chairman of Hanjin Group (fourth from right), Gina Raimondo, U.S. Secretary of Commerce (third from left), Kelly Ortberg, CEO of Boeing (fourth from left), and Russell Stokes, President and CEO of GE Aerospace's Commercial Engines & Services division (first from left). [Photo provided by Korean Air]](https://www.koreadailyus.com/wp-content/uploads/2025/03/Korean-Air-Strengthens-Cooperation-with-Boeing-and-GE-scaled.jpeg)
Korean Air has announced a significant expansion of its cooperation with Boeing and GE Aerospace, in a deal worth approximately $32.7 billion.
On March 21, a signing ceremony for ‘Strengthening Cooperation between Korean Air, Boeing, and GE’ was held in Washington D.C.
Cho Won-tae, Chairman of Hanjin Group; Kelly Ortberg, CEO of Boeing; and Russell Stokes, President and CEO of GE Aerospace’s Commercial Engines & Services division attended at this event.
Under the agreement, Korean Air will acquire 20 Boeing 777-9 and 20 Boeing 787-10 aircraft from Boeing by 2033, with an option for 10 additional aircraft. This contract is valued at $24.9 billion.
Korean Air has agreed to purchase eight spare engines and engine maintenance services from GE Aerospace in a deal worth $7.8 billion.
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A spokesperson for Korean Air stated, “This cooperation was initiated to prepare for global aircraft supply chain issues and to ensure timely introduction of next-generation fleet. By modernizing our fleet, we aim to provide customers with a more comfortable travel experience while also contributing to carbon emission reduction through the adoption of fuel-efficient aircraft.”
Ahn Duk-geun, South Korea’s Minister of Trade, Industry and Energy, and Gina Raimondo, U.S. Secretary of Commerce also attended at the signing ceremony for underscoring the economic cooperation between the two countries.
BY NAKI PARK [park.naki@koreadaily.com]
