Korean Air Orders Boeing, Airbus Widebody Aircraft

According to Bloomberg, South Korea’s largest carrier placed an order for two Boeing 777-300ERs and five Airbus A330-200s after announcing a huge increase in quarterly profit for the first quarter.

The planes have a list price of about $1.57 billion and will be delivered from 2013 to 2015, it said.

Korean Air plans to increase revenue from premium class passengers as it takes delivery of its first A380 aircraft this month. The carrier joins Cathay Pacific Airways Ltd. and Asiana Airlines Inc., South Korea’s No. 2 carrier, in ordering new aircraft this year to meet rising travel demand in the region.

There hasn’t been a lot of new orders placed lately as airlines mull the effect that rising fuel will have on the industry’s long-term outlook but expect that to change somewhat as we head into the summer and the Paris Air Show, a time when many orders are officially announced.

This entry was posted in 777, A330, AIRLINES, INTERNATIONAL, ORDERS/DELIVERIES and tagged , , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s