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Thermwood

Korean Air Orders 20 Boeing 787’s

15 April 2005

The Boeing Company and Korean Air Lines Co., Ltd have confirmed an order for up to 20 Boeing 787 Dreamliners in a deal worth approximately $2.6 billion at list prices.

The agreement involves 10 firm orders and options for 10 additional 787s with delivery of the composite 787-8 airplanes scheduled to begin in 2009 and extend through 2013.

""The Boeing 787 Dreamliner will enhance Korean Air's fleet with its flexibility for both regional and long-haul operations,"" said Y.H. Cho, Korean Air chairman and chief executive officer. ""Our passengers will enjoy the benefits of the 787's new cabin environment and passenger amenities. The 787 will help us realize our goals of being one of the world's top ten passenger airlines by 2010 and to reduce our costs by 10 percent.""

To date, Boeing has received 203 orders and commitments from 17 customers for the 787 since launching the jetliner less than a year ago.

""Korean Air's selection of the 787 continues the steady drumbeat of orders for this remarkable new airplane,"" said Larry Dickenson, vice president of Sales - Boeing Commercial Airplanes. ""Korean Air is one of the world's most progressive and vibrant carriers, and we are honoured by its choice of the 787.""

The 787 is being championed by Boeing as the future of modern aircraft, built with extensive use of composite materials, and with the aircraft using 20 percent less fuel comapred with many of today's airplanes of comparable size, the 787 can travel greater distances at speeds of Mach 0.85. The first 787 flight is expected in 2007 with certification, delivery and entry into service in 2008.