Korean Air has committed to purchasing eight 777-8 freighters from Boeing after the aircraft manufacturer recently started production on the new generation cargo aircraft model.
Boeing recently started production on the 777-8F by drilling the first hole into a wing spar as it works towards the first aircraft delivery in 2028.
Korean Air also intends to purchase 20 777-9s, 25 787-10s and 50 737-10s.
"This agreement with our long-standing partners, Boeing and GE, marks a pivotal moment for Korean Air," said Walter Cho, chairman and chief executive of Korean Air.
"Acquiring these next-generation aircraft is the core of our fleet modernization strategy, delivering significant gains in fuel efficiency and enhancing the passenger experience across our global network.
"This investment is also a critical enabler for our future as a merged airline with Asiana, to ensure that our combined carrier is one of the most competitive airlines in the industry."
"We are honored to strengthen our partnership with Korean Air through this landmark agreement, which reflects the value and capabilities of Boeing's market-leading airplane family," said Stephanie Pope, president and chief executive of Boeing Commercial Airplanes.
"As Korean Air transitions to a larger unified carrier, we are committed to supporting the airline's growth with one of the world's most efficient fleets."
The 777-8F was originally anticipated to come to market in 2027, but in October 2024, Boeing announced it would delay launch until 2028.
Customers have ordered 59 777-8Fs since Boeing launched the programme in 2022 with Qatar Airways as the launch customer.
Boeing's most recent order was from China Airlines. The carrier formally ordered four 777-8Fs following its announcement in December that it planned to invest in the model.
