Korean Air secure Boeing contract
Korean Air has signed a US$200 million contract with Boeing to manufacture wingtips for the 787 Dreamliner aircraft.
The commercial airline aerospace deal, the largest of its kind in Korea, was signed at the Seoul Air Show taking place at the Sungnam Airport from October 18-23. Wade Cornelius, executive vice president of Boeing’s Product Development and Global Strategy Division signed the joint contract for participation in the global consortium for joint development.Ê
“We are very pleased to be involved in the 787 wingtip production, not only as a supplier but also as a partner in the aircraft design and development stage,” said Mr. Sang Muk Seo, president of Korean Air’s Aerospace Division. He added, “Korean Air’s Aerospace Division has greatly expanded its capabilities over the years and we aim to increase our presence in this market.”