Korean Air to buy 25 Boeing passenger, cargo aircraft for 5.5 bln usd
The contract involves 10 B777-300ER and five B737-700/-900ER passenger aircraft, as well as five B747-8F and five B777F cargo aircraft, over ten years beginning from 2009.
"The new airplanes will help modernize and improve the efficiency of our fleet," the company said.
Korean Air said it aims to maintain its title as the world's number one commercial cargo carrier, which it has been held for the past two years, and to become one of the world's top 10 passenger carriers by 2010.
The 737-900ERs will provide extra capability for passenger routes to neighboring countries, it said, adding that the world passenger and cargo markets are expected to grow at an annual rate of 5.0-6.0 percent in the next 20 years.