Korean Air CEO drops $36.2 billion on Boeing jets - here's why investors are paying attention
Key Points
- Korean Air's $36.2 billion order for 103 Boeing jets signals...
When an airline drops $36.2 billion on new planes, it's not exactly an impulse purchase at the duty-free shop. Korean Air just made Boeing's entire marketing department simultaneously weep with joy and panic about production deadlines.
The South Korean carrier announced it's buying 103 Boeing jets plus a $13.7 billion engine deal with GE Aerospace, timing this announcement perfectly with a cozy chat between South Korean President Lee Jae Myung and former President Donald Trump. Nothing says "we're friends" quite like a $50 billion shopping spree.
When Presidents Meet, Wallets Open
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