Korean Air to sign US$32.7 bln in aircraft deals with Boeing, GE Aerospace

SEOUL, March 21 (Yonhap) — Korean Air Lines Co., South Korea’s national carrier, will acquire some 20 aircraft from U.S. Boeing and procure spare engines from GE Aerospace, in a combined deal worth US$32.7 billion, Seoul’s industry ministry said Friday.

A pre-signing ceremony took place at the Department of Commerce in Washington, attended by Cho Won-tae, chairman of Hanjin Group, Korean Air’s parent firm; Kelly Ortberg, Boeing’s president and CEO; and Russell Stokes, president and CEO…