Korean ordina 25 nuovi aerei


Korean Air signs $5.3 billion purchase agreement for 25 Boeing aircraft
Wednesday November 22, 2006

Korean Air placed the biggest aircraft order in its history yesterday, signing a purchase agreement valued at $5.3 billion for 10 777-300ERs, five 737-900s/700s, five 747-8Fs and five 777-200Fs.

The large order, flagged by ATWOnline last month (ATWOnline, Oct. 17), signals the airline's ambition to compete with the world's biggest international carriers. "The purchase forms a key component in Korean Air's strategy of global expansion," it said in a statement. "The airline aims to maintain its title as the world's number one commercial cargo carrier [among passenger airlines if Air France and KLM are considered separate airlines]...and to become one of the world's top 10 passenger carriers by 2010."

KE also took options on four 777-300ERs, two 747-8Fs and two 737-900ERs. The ordered aircraft will be delivered beginning in 2009 and continue through 2019. The carrier said the 777-300ERs will replace 747-400s being converted to freighters while the 747-8Fs and 777-200Fs will inject capacity into its rapidly expanding global airfreight network. Korean Air Cargo President Ken Choi said the 10 new freighters are part of a plan to add two freighters every year from 2009. It currently operates 19 owned 747-400Fs and six leased dash 200Fs.

KE had been considering the 747-8 Intercontinental but elected to focus its long-haul fleet around the A380 (for which it has placed five orders), 787 (10 orders) and 777-300ER. It said yesterday's order was of particular importance given the ongoing liberalization of China's aviation market, which KE considers critical to its future. "We have to focus on the China market," VP-Strategy Development Keehong Woo told ATWOnline in Seoul last month. "In the near future the number of Chinese [traveling by air to destinations worldwide] will be huge. We have to go into that market or we won't survive."

The new planes also will enhance "efficiency through modernization of the fleet and reduction in fuel and operational costs," KE said.

by Aaron Karp
ATWonline