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.