KAL signs MOU with Boeing to acquire 11 new aircraft

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KAL signs MOU with Boeing to acquire 11 new aircraft

Korean Air Lines said yesterday it signed a memorandum of understanding (MOU) with Boeing to buy 11 aircraft. The affiliate of Hanjin Group said five B747-8i and six B777-300ER airliners would be delivered starting in 2016 if the deal is finalized.

The MOU was signed Tuesday by Cho Won-tae, an executive vice president of KAL and only son of Hanjin Group Chairman Cho Yang-ho, and Ray Conner, president and CEO of Boeing Commercial Airplanes, at the Paris Air show.

KAL said it plans to dispose of its 15 remaining B747-400s by 2017. The B747-8i and B777-300ER are 14 percent more fuel-efficient.

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