Korean Air to buy more than 100 Boeing jets after Trump meeting

US aviation big Boeing and Korean Air introduced a deal on Monday for 103 planes as President Donald Trump presses buying and selling companions to do extra enterprise with American companies.The deal contains 787, 777 and 737 passenger jets, in line with a joint assertion from the 2 firms.The brand new jets will come at a “pivotal second” and modernise the South Korean flag service’s fleet, making certain it stays aggressive because it merges with Asiana Airways, mentioned Korean Air boss Walter Cho.The settlement was introduced simply hours after South Korean President Lee Jae Myung met Trump in Washington to debate the 15% tariffs imposed by the US on the Asian nation in July.The deal was unveiled throughout a gathering between authorities representatives and enterprise leaders from the 2 nations, with US commerce secretary Howard Lutnick and South Korea’s commerce minister Kim Jung-kwan in attendance.Boeing’s industrial airplanes chief, Stephanie Pope, hailed the order as a “landmark settlement.”It might help some 135,000 jobs throughout the US, mentioned Boeing, which employs greater than 170,000 individuals globally.With the most recent buy, Korean Air has positioned greater than 150 orders and commitments for Boeing plane this 12 months.A number of nations which can be negotiating commerce agreements with the Trump administration have introduced plans to make important Boeing plane orders.The offers have helped Boeing’s gross sales overtake these of its European rival, Airbus.