• Korean Air orders 103 Boeing aircraft valued at $50 billion during a summit in Washington.
• The deal marks the largest in the airline's history, including various Boeing models.
• This investment aims to enhance Korean Air's operational integration with Asiana Airlines.
• Boeing's CEO emphasizes the deal's significance for U.S. job creation in aerospace.
• Korean Air also signed a $13.7 billion agreement with GE for engine maintenance.

Korean Air announced a historic order for 103 Boeing aircraft valued at $50 billion on August 25, coinciding with the visit of South Korean President Lee Jae Myung to Washington. This order is the largest in Korean Air's history and includes a mix of 787s, 777s, and 737s, which is expected to total around $36.5 billion. Additionally, the airline secured a $13.7 billion deal with GE Aerospace for engines and maintenance services, according to Reuters and India Times.

Korean Air CEO Cho Won-tae indicated that the investment aims to expand the airline's operations to more destinations across the U.S., Latin America, and South America. Notably, about half of the ordered planes will be the 737 MAX 10, with the remainder being a combination of 777-9 and 787 models. Cho also stated that approximately 80% of the fleet will replace older aircraft, showcasing a significant modernization of their operations, as detailed by Reuters and Channel News Asia.

The announcement comes in an environment where various countries have been unveiling significant orders from Boeing during ongoing trade negotiations with the U.S. Cho expressed confidence in Boeing despite the company's recent challenges, highlighting the potential for job creation and growth in the aerospace sector. "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," stated Boeing Commercial Airplanes CEO Stephanie Pope, according to Business Insider and Reuters.