Korean Air Buys $3.7 Billion of Boeing Planes to Upgrade
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Korean Air Lines Co., the country’s biggest carrier, agreed to buy $3.7 billion of aircraft from Boeing Co. to modernize its fleet amid growing travel demand.
The carrier is buying five 747-8 Intercontinentals, five 777-300ERs and one 787 Dreamliner, the Seoul-based airline said in a regulatory filing. Korean Air’s board today approved the purchase, for which initial agreements were announced earlier.