At Extreme Investor Network, we are always on the lookout for the latest developments in the business world that can impact investors. Recently, Boeing made headlines with its significant order from Korean Air for at least 40 wide-body jetliners, including the 777X jetliner.
This order, announced at the Farnborough Airshow, is a vote of confidence for Boeing, which has faced challenges in recent years. The 777X is the largest in Boeing’s commercial jet lineup and the order also includes 20 787-10 Dreamliner planes. Korean Air CEO Walter Cho expressed confidence in Boeing’s ability to overcome its current challenges, stating, “If I wasn’t assured, I would not have ordered it.”
The 777X, which is years behind schedule, recently began certification flight tests with the U.S. Federal Aviation Administration, marking a significant milestone for the aircraft. Despite delays in the aerospace industry due to post-Covid supply chain disruptions, Korean Air remains optimistic about the future of its partnership with Boeing.
In addition to the order from Boeing, Korean Air also ordered competing Airbus A350-1000 aircraft earlier this year, indicating a willingness to diversify its fleet. Cho stated that whichever aircraft is delivered first will become the airline’s flagship, underscoring the importance of on-time delivery in the competitive airline industry.
At Extreme Investor Network, we closely monitor developments like these to keep our readers informed about potential investment opportunities and industry trends. Stay tuned for more updates on the latest business news and how it could impact your investment portfolio.