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Boeing secures major orders at Farnborough Airshow

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Boeing secures major orders at Farnborough Airshow
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Boeing made significant announcements on the first day of the Farnborough Airshow 2024, securing several large and strategically important orders. These developments underscore continued confidence in Boeing's capabilities despite its recent challenges.

Korean Air committed to purchasing up to 50 widebody airplanes from Boeing, including twenty 777-9s and twenty 787-10s, with options for an additional ten of the largest 787 Dreamliner variant. This agreement adds to Korean Air’s existing firm backlog of 22 Boeing 737 Max jets and seventeen 787s.

Korean Air chairman and CEO Walter Cho expressed his trust in Boeing's ability to deliver on time. "I have complete confidence in Boeing," he stated. "If I was not assured [Boeing would deliver the 777Xs on time], I would not have ordered them."

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The first delivery slot for the 777-9 is scheduled for 2028. Cho also indicated potential future interest in the 777X freighter as part of their merger with Asiana Airlines.

In April, Korean Air also signed a widebody order with Airbus for 27 A350-1000s and six A350-900s.

Japan Airlines (JAL) committed to ten 787-9 jets with options for an additional ten. Yukio Nakagawa, JAL executive officer of procurement, emphasized their commitment to modernizing their fleet and reducing CO2 emissions. "We greatly appreciate the strong relationship and support from Boeing," he said.

National Airlines agreed to purchase four 777Fs to support its fleet growth plan, with deliveries scheduled between late 2025 and early 2026. National Airlines founder and chairman Christopher Alf mentioned that the future Boeing 777-8F would be an “ideal replacement” for its current fleet but noted they are not yet considering phasing out their existing aircraft.

Boeing has delivered over 270 B777 freighters so far and expects the first delivery of the Boeing 777-8F in 2027. The National Airlines order will increase the backlog for this model to 59 aircraft once confirmed.

Luxair placed a narrowbody order for two Boeing 737-10s with options for two more. Luxair CEO Gilles Feith highlighted that this purchase aligns with their growth plans and efforts towards decarbonization.

Additionally, Boeing signed an agreement with Lufthansa Technik designating it as the first Boeing-licensed service center (BLSC) for cabin modifications on 787 airplanes. Lufthansa Technik will handle design, engineering, integration, and certification of new cabin interiors starting from its first project in 2025.

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