Korean Air Finalizes Order for Nine 777-200ERs

Korean Air today signed a contract to purchase nine B777-200ERs from Boeing at the Korean Air Head Office Building in Seoul. The order is worth approximately $1.5 billion based on average listed price.

With the addition of the nine B777-200ERs, Korean Air will possess a total of 22 B777s, making the B777 Korean Air’s main aircraft for long-distance flights.

The newly purchased nine B777-200ERs, to be powered by Pratt & Whitney PW4090 engines, will be delivered starting June 2005. The B777-200ER is capable of operating non-stop to long-haul destinations, especially to the U.S. West Coast region, which will enhance the airline's service and improve aircraft circulation. 

The new B777-200ER is designed without first class seats, but will provide more comfort to economy and business class passengers. Audio Video On Demand (AVOD) system will be installed in all seats including economy class. Premium Business Class seats, with flat reclining backrests will become even more comfortable and higher in quality.

"Korean Air's decision to enhance its fleet with the 777-200ER demonstrates the airline's foresight and leadership in the aviation industry," said Larry Dickenson, senior vice president -- Sales, Boeing Commercial Airplanes. "The world economy is gaining momentum and, as the travel industry rebounds, passengers want to fly to their destinations in the shortest time and with utmost comfort. With the 777-200ER, Korean Air will provide these amenities to its passengers, while reducing operating costs."

Last October, Korean Air sealed the contract to purchase 8 A380s, the future ultra-jumbo aircraft. The delivery of the A380s is scheduled for the end of year 2007.

With the addition of these new aircraft, Korean Air’s fleet will be reformed, with B747-400, B777 and A380 for long haul, A330 for mid-haul, and B737 for short-haul flights.