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The Boeing Company (NYSE:BA) And Korean Air Lines Finalized Order For Six 777-300 ER Jetliners And Five 747-8 Inter-Continentals

Boston, MA 10/25/2013 (wallstreetpr) – The Boeing Company (NYSE:BA) has finally received the awaiting order of six 777-300 extended range jetliners and five 747-8 Inter-continentals from Korean Air Lines Co Ltd, declared in the Paris Air Show earlier in June. Boeing also got an order for one additional 787 Dreamliner from the Korean Air and the total value of the combined order amounts to $3.9 billion. It seems that with its airplanes, the company’s economy is also flying in the air and has decided to stay there.

With these orders, the Korean passenger carrier increases its surfeit of 777-300 and 747-8 Inter-continentals to 10 each and 787 Dreamliner surfeit to 11.

Chief Executive Officer and President of Boeing Commercial Airplanes, Mr. Ray Conner shared his gratitude and said that the company is very honored to have Korean Air as its new partner and will put all its effort to provide the best twin-aisle airplanes to them. He further added that with 90 Boeing airplanes in Korean Airline’s fleet, Boeing is very proud and the company will continue to serve as the backbone for the long haul operations of its new associate.

The 90 Boeing passenger airplanes in the Korean Air Line’s present fleet include 737, 747 and 777 Boeing airplanes. The operating segment of the airline also consists of Boeing cargo fleet of 777 and 747-400 and 747-8 freighters. With its possession of giant numbers of Boeing airplanes, Korean air is presently world’s only airline to order both freighter and passenger variations of 747-8.

About the Boeing Company

The Boeing Company is one of the world’s largest aerospace companies. The five main operating segments of the company include Commercial Airplanes, Network and Space Systems, Boeing Capital Corporation, Boeing Military Aircraft and Global Services & Support.

Published by Duncan Oleinic

Duncan Oleinic is from New Yourk. After graduating with a degree in physics, he began his career as an analyst in a broking firm. Through this experience he was able to advance to the role of correspondent for a U.S based financial news provider, where he worked from 2001 to 2007. He subsequently joined a merchant banking firm as a financial analyst focused on valuing unlisted companies in the sub-continent. Over the course of his two years here, he performed valuations of several media companies which were later acquired by peers.

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