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Korea orders more than two dozen SC built 787s as well as other planes

FILE - In this March 31, 2017, file photo, Boeing employees stand near the new Boeing 787-10 Dreamliner at the company's facility in South Carolina after conducting its first test flight at Charleston International Airport in North Charleston, S.C.
Mic Smith
/
AP
FILE - In this March 31, 2017, file photo, Boeing employees stand near the new Boeing 787-10 Dreamliner at the company's facility in South Carolina after conducting its first test flight at Charleston International Airport in North Charleston, S.C.

Korean Air fulfills an agreement to buy 103 Boeing planes.

Korean Air has inked a deal to buy 25 North Charleston-built 787-10 jets as well as 78 other commercial planes. The list-price tops $36 billion.

The order was finalized during a signing ceremony Tuesday at a Seoul hotel.

“This is much more than a business deal. It’s a testament to the trust and the unbreakable alliance between our two countries,” said Walter Cho in a statement. He’s the chairman and CEO of Korean Air and Hanjin Group.

Boeing says the order includes 103 jets from its widebody and single-aisle fleets. The company calls it a “milestone” that “serves as a tangible outcome of bilateral trade negotiations.”

The order also includes 21 spare engines from GE Aerospace and CFM International, as well as a 15-year maintenance contract for 28 planes.

It fulfills a procurement agreement made by Korean Air a little more than a year ago.

Victoria Hansen is our Lowcountry connection covering the Charleston community, a city she knows well. She grew up in newspaper newsrooms and has worked as a broadcast journalist for more than 20 years. Her first reporting job brought her to Charleston where she covered local and national stories like the Susan Smith murder trial and the arrival of the Citadel’s first female cadet.