Korean Air to buy more than 100 Boeing jets after Trump meeting
US aviation giant Boeing and Korea Air announced An agreement worth approximately 36 billion dollars (£ 24 billion) On Monday, President Donald Trump puts pressure on trade partners to do more business with American companies, for 103 aircraft.
According to the joint statement of the two companies, the agreement contains 787, 777 and 737 passenger jets.
Korean Air boss Walter Cho will come as “a very important moment” and modernize the fleet of the South Korean flag carrier and keep it competitive as it combines with Asiana airlines.
The agreement was announced only hours after South Korean President Lee Jae Myung met with Trump in Washington to discuss the 15% tariffs of the US to Asian country in July.
The agreement was announced during a meeting between US Trade Secretary Howard Lutnick and South Korean Trade Minister Kim Jung-Kwan, along with government representatives and business leaders from two countries.
According to the Ministry of Trade, the Korean Air Agreement was among a series of agreements during negotiations.
Again on Monday, the South Korean car giant Hyundai Motor Group announced that it increased its investment in the United States from $ 21 billion to $ 26 billion.
Shortly after the meeting between Trump and Lee, the company said it plans to build a new facility that can produce 30,000 robots annually in the US.
Boeing’s commercial aircraft chef Stephanie Pope greeted Korea Air’s order as the “turning point agreement”.
50 Boeing 737-10 passenger plane and 45 long-range jets. Korea Air will also buy eight 777-8 cargo ships cargo aircraft.
Globally employing more than 170,000 people, Boeing said the agreement will support approximately 135,000 jobs throughout the US.
With the latest purchase, Korea Air made more than 150 orders and commitments for Boeing aircraft this year.
Jet order has been on the cards for a while. In March, Seoul said that Korea Air made an agreement with Boeing and US engine manufacturer Ge Aerospace. The agreement with GE worth $ 13.7 billion was announced on Monday.
Many countries that negotiate trade agreements with Trump management have announced their plans to order important Boeing aircraft orders.
In July, Japan agreed to buy 100 Boeing Jets as part of the trade agreement with the US.
Indonesia’s flag carrier Garuda agreed to buy 50 Boeing jets as part of an agreement to reduce US tariffs in South EST Asia.
Opportunities helped the company’s sales to cross sales of European rival Airbus.
Boeing has been influenced by a number of crises, including the explosion of one of the two deadly accidents and one of the two planes explosion in recent years.
In 2018, the Boeing 737 fell after getting up from Jakarta, Indonesia and killed 189 people on the ship. A few months later, 157 people died in Ethiopia when a Boeing plane fell shortly after taking off.
In 2024, a panel of a Boeing 737 MAX, an unusable emergency output of a Panel, came out of the middle of the midst of the flight.
In addition, last year, approximately eight -week strike by about 30,000 workers last year, the aircraft manufacturer in US factories significantly slowed down production.
