Korean Air to acquire five 747-8s, six 777-300ERs and one 787

Korean Air  has announced plans to acquire five B747-8s, six B777-300(ER)s and one 787 (variant unspecified) from Boeing. The airline's board has approved the deal valued at KRW3.98trillion (USD3.77billion). 

Deliveries are scheduled to be completed by late 2018. With this order Korea's flag carrier expands its backlog of 747-8 and 777-300(ER)s to 10 each. The order also increases Korean Air's 787 backlog to 11. The 747-8s and 777-300ERs are set to replace the Korean national carrier's fleet of sixteen B747-400s all of which are to be retired come 2017.

Source: CH-Aviation