SEOUL, Aug. 26 (UPI) -- Korean Air said Tuesday the country's flagship carrier would spend $36.2 billion to purchase 103 next-generation aircraft from Boeing, including 95 passenger planes and eight freighters. Toward that end, the two companies signed a memorandum of understanding.
Korean Air operates 108 Boeing jets. With 72 Boeing planes on order, the company's total orders with the U.S. manufacturer will increase to 175 once the deal is finalized.
The new orders will include 20 777-9s, 25 787-10s and 50 737-10s, plus eight 777-8F freighters. Deliveries will continue through the late 2030s, according to Korean Air.
It is part of Korean Air's $56.1 billion investment in the United States, which was announced in time for South Korean President Lee Jae Myung's first summit with his counterpart Donald Trump on Monday.
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