Korean Air (KE, Seoul Incheon) has firmed up plans to induct thirty B787 Family aircraft announced as Memoranda of Understandings (MOU) during the 2019 Paris Air Show at Paris Le Bourget.
In a stock exchange filing, the airline said it had now formally committed to purchasing ten new B787-10s and ten additional B787-9s from Boeing. Deliveries of the -9s will start in 2020 while the -10s will start to arrive in 2021. The entire order will be completed in 2025.
In addition, it will also lease ten B787-10s from Air Lease Corporation deliveries of which will run from 2021 through 2023. Their contracts will each run for 12 years (144 months).
Korean Air will use the incoming B787s to replace its older B777, A330, and B747 fleets which number fourteen B777-200(ER)s, four B777-300s, twenty-five B777-300(ER)s, eight A330-200s, twenty-one A330-300s, and two B747-400s. Its mainline passenger fleet also includes ten B787-9s, ten A380-800s and ten B747-8s.
