Korean Air Finalizes Record 103-Jet Boeing Order Worth $36.2B
BA sits 19% above its 52-week low of $176.77 on light trading volume (0.1× avg).
Summary
Korean Air has finalized its largest-ever aircraft purchase, ordering 103 Boeing jets with a list price of $36.2 billion. The order includes 20 777-9s, 25 787-10s, 50 737-10s, and 8 777-8 Freighters, with IBA estimating the value at about $12.6 billion after customary discounts. The total investment package is $44.8 billion, including $8.6 billion for spare engines and a 15-year maintenance agreement. This is a major order for Boeing, but much of the revenue depends on aircraft not yet certified: only the 787-10 is currently certified, while the 737-10 and 777-9 are still in certification and the 777-8 Freighter is under development. The order reinforces demand for Boeing's next-generation aircraft despite ongoing operational challenges and provides long-term revenue for GE Aerospace and CFM International. The deal was initially announced in 2025 and has now been finalized, adding substantial backlog but with delivery and cash collection exposed to regulatory and production delays.
At the time of this announcement, BA was trading at $210.49 on NYSE in the Manufacturing sector, with a market capitalization of approximately $166.4B. The 52-week trading range was $176.77 to $254.35. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Seeking Alpha.