Korean Air orders five 747-8 Intercontinental
Boeing and Korean Air today announced an order for five 747-8 Intercontinental jetliners. Korean Air is the first Asian airline to order the passenger version of the new, fuel-efficient 747-8.
The airplanes have a total average list price value of $1.5 billion. Korean Air already has arrangements to operate seven 747-8 Freighters. Korean Air plans on flying the 747-8 Intercontinental on long-haul routes to the Americas and Europe.
"The 747-8 Intercontinental fills the void between the 300- and 550-seat airplanes in our future fleet," said Won Tae Cho, managing vice president of Korean Air Passenger Business Division. "The technological enhancements Boeing has made to this airplane will deliver exceptional economics and a flying experience that will thrill our customers, enabling Korean Air to provide Excellence in Flight to our customers."
The 747 program is in the later stages of the 747-8 Intercontinental design phase. Assembly on the airplane is set to begin around mid-2010, with the first delivery of the freighter version scheduled for the fourth quarter of 2011. With the addition of the Korean Air order, Boeing has secured 110 orders for the 747-8. Thirty-two of the orders are for the 747-8 Intercontinental, and the remaining 78 are for the 747-8 Freighter.