Boeing recently received a significant order from Korean Air for at least 40 wide-body jetliners, showcasing a strong vote of confidence in the struggling manufacturer. The order, announced at the Farnborough Airshow outside of London, includes a mix of the yet-to-be-certified 777X jetliner and the 787-10 Dreamliner planes. This deal marks a positive turn for Boeing, which has been facing challenges in recent years.
Korean Air’s order includes 20 units of the 777X, Boeing’s largest commercial jet, and 20 units of the 787-10 Dreamliner, both long-range aircraft. Additionally, there is an option for Korean Air to upsize its order for 10 more Dreamliners. The airline’s CEO, Walter Cho, expressed his confidence in Boeing’s ability to deliver the aircraft later in the decade. Despite the 777X being behind schedule, recent certification flight tests with the FAA mark a significant milestone for the aircraft.
Boeing’s customers have been experiencing delays in aircraft deliveries, partly due to supply chain disruptions following the Covid-19 pandemic. The aerospace industry has been significantly impacted, leading to setbacks in production schedules. The safety crisis and manufacturing flaws, such as the door plug incident on the 737 Max plane, have also contributed to Boeing’s challenges. However, Cho remains optimistic about Boeing’s future, stating, “I have full confidence in Boeing.”
In addition to ordering Boeing aircraft, Korean Air also purchased Airbus A350-1000 planes earlier in the year. Cho mentioned that the first aircraft to be delivered on time would become the airline’s flagship. This competition between Boeing and Airbus reflects Korean Air’s strategic approach to diversifying its fleet with both manufacturers.
Korean Air’s order for Boeing aircraft, including the 777X and 787-10 Dreamliner, demonstrates confidence in the manufacturer’s ability to overcome challenges and deliver high-quality aircraft. The competition with Airbus adds another dimension to the airline’s fleet strategy, providing options for future growth and operational efficiency. As Boeing works to address its production issues, partnerships with airlines like Korean Air will be crucial in rebuilding trust and maintaining market competitiveness.