Air Premia Unveils Plan to Buy Five Boeing 787 Dreamliners

Air Premia, a new Korean airline, has unveiled plans to buy five Boeing 787-9 Dreamliners, valued at $1.4 billion at list prices.

The airline signed an agreement to lease three 787-9 jets from ALC earlier this year.

Air Premia, which plans to launch operations in 2020, will become South Korea’s second Dreamliner operator.

“This is an exciting decision for Air Premia as we look to deliver a world-class experience to our customers, while also operating the most fuel efficient fleet,” said Peter Sim, CEO of Air Premia. “With the 787-9’s superior fuel efficiency and range capabilities, this investment fits perfectly with our unique business model and will position Air Premia for sustainable long-term growth.”

The 787-9 can fly 296 passengers in a standard configuration and has a published range of 7,530 nautical miles (13,950 km).

“We are honored to welcome Air Premia as Boeing’s newest customer. As new entrants in Asia continue to launch innovative business models and strategies for growth, we are excited that Air Premia have selected the 787-9 Dreamliner to power their future fleet,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing, The Boeing Company. “The super-efficient 787-9 is a perfect fit for this new hybrid airline. The market-leading economics and capabilities of the Dreamliner will enable Air Premia to offer the best-in-class service to its customers at competitive fares.”

With its base at Seoul Incheon International Airport, Air Premia has said that it will initially operate regionally in Asia before expanding its network to Los Angeles and San Jose by 2021.

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