Boeing lands 50 billion deal with Korean Air, boosting American jobs and trade policies

Boeing announced a $50 billion deal with Korean Air to purchase 103 next-generation aircraft, including 50 737-10s. The agreement, formalized at a signing ceremony with South Korean President Lee Jae Myung and President Donald Trump, is expected to bolster 135,000 American jobs. Michael Boyd, an aviation consultant, emphasized that Boeing benefits from limited competition, as Airbus faces capacity constraints. Korean Air's order follows a previous commitment in March for 40 Boeing widebody jets, marking the airline's largest purchase to date. Despite the positive outlook, concerns linger over the 737-10 certification delays, described by Boyd as a potential embarrassment for Boeing.

Boyd noted that Boeing's recent success aligns with President Trump's trade policies, which have led to significant orders from various countries. The deal comes as Boeing seeks to recover from past challenges, including the 737 MAX crashes that grounded the aircraft for two years. Kelly Ortberg, Boeing's CEO, is working to improve production and restore confidence in the company.