Korean Air to buy 12 new planes by 2018
South Korea's biggest airline, Korean Air, Thursday announced the planned purchase of 12 Boeing passenger jets for $3.8 billion over the next five years.
In a regulatory filing, the carrier said it planned to add five 747-8 Intercontinentals, six 777-300ERs and one 787 Dreamliner to its fleet by the end of 2018.
Analysis of the Global Business Aircraft Market
Korean Air currently operates around 155 aircraft, flying to 45 countries.
The airline said it posted a third quarter net profit of 342 billion won ($324 million), down 1.0 percent from a year ago on a decline in passenger traffic.
It said operating profit fell 43 percent year-on-year to 160 billion won, while revenue was down 3.4 percent to 3.18 trillion won.
But the company benefitted from a foreign-exchange gain of 597 billion won, it added.
The carrier said outbound travel to Japan had declined sharply due to concerns about radiation.
by Saeed KHAN © 2013 AFP
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Source : AFP