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Boeing, Korean Air Announce Commitment To Buy 11 Twin-Aisle Airplanes

Boeing (BA) and Korean Air announced that the airline has agreed to purchase five 747-8 Intercontinental airplanes and six 777-300ER (Extended Range) jetliners, valued at about $3.6 billion at current list prices. Boeing stated that it will work with Korean Air to finalize the order, at which time the order will be posted to Boeing's Orders & Deliveries website.

When today's order is finalized, Korea's flag carrier will have 10 747-8 Intercontinental airplanes on order. The airline has taken delivery of three of its seven 747-8 Freighters on order.

Korean Air currently operates a fleet of 90 Boeing passenger airplanes that consist of 737, 747 and 777 airplanes. The airline also operates an all-Boeing cargo fleet of 27 747-400, 747-8 and 777 Freighters. In February 2012, Korean Air became the first airline in the world to operate both the 747-8 and 777 Freighters.

by RTTNews Staff Writer

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