US Aviation giant Boeing and Korean Air announced Around $ 36BN (£ 24bn) deal The President presses business partners to trade more with American firms on Monday for 103 aircraft as Donald Trump.
The deal includes 787, 777 and 737 passenger jets, according to a joint statement of the two companies.
Korean Air Boss Walter Cho said the new jets would come to a “decisive moment” and modernize the South Korean flag carrier’s fleet, ensuring that it remains competitive as it merges with the horny airlines, Korean Air Boss Walter Cho said.
The South Korean President Li J. Mayung announced the agreement to discuss 15% tariffs on the Asian country in July from Trump in Washington.
The deal was unveiled, during a meeting between government representatives and business leaders of the two countries, with the presence of US Commerce Secretary Howard Lutynik and South Korea’s Business Minister Kim Jung-Kawan.
According to Seoul’s Ministry of Trade, there was a Korean air deal in a series of agreements made during the talks.
In addition, on Monday, South Korean car giant Hyundai Motor Group announced that it was raising its investment in the US from $ 21BN to $ 26BN.
Shortly after the meeting between Trump and Lee, the company said it plans to establish a new feature in the US that will be able to produce 30,000 robots in a year.
Stephanie Pope, head of Boeing’s commercial airplane, saw the order of Korean Air as a “historic agreement”.
This will include 50 Boeing 737-10 passenger aircraft and 45 long distance jets. Korean Air will also buy eight 777-8 freiter cargo aircraft.
The deal would support some 135,000 jobs across the US, Boeing said, which employs more than 170,000 people globally.
With the latest procurement, Korean Air has made more than 150 orders and commitments for the Boeing aircraft this year.
The jet order has been on the card for some time. In March, Seoul said Korean Air Boeing and US engine manufacturer was making an agreement with GE Aerospace. The deal with GE with $ 13.7bn was also announced on Monday.
Several countries interacting with the Trump administration have announced a plan to give important orders for the Boeing aircraft.
In July, Japan agreed to buy 100 Boeing Jets as part of its trade agreement with the US.
Indonesia’s flag carrier Garuda agreed to buy 50 Boeing Jets as part of a deal to reduce the American tariff on South EST Asian country.
The deals have helped us to overtake the company’s sales from its European rival, Airbus.
Boeing has been hit by a series of crises in recent years, including two deadly accidents and a dramatic middle-hustle of a piece of one aircraft.
In 2018, a Boeing 737 crashed after flying from Jakarta, Indonesia, killing all 189 people. A few months later, another 157 people died when the Boeing plane crashed immediately after the take-off in Ethiopia.
In 2024 separated, a panel fitted on an unused emergency exit of Boeing 737 Max came away from the middle-gathering.
Also last year, about eight weeks of about eight weeks by about eight weeks last year slowed down production in the aircraft manufacturer’s American factories.
