Korean Air mulling ‘large’ widebody jet order for expansion

Korean Air Lines is considering a “large order” for widebody aircraft as part of a fleet expansion and to replace aging jets with fuel-efficient ones amid rising oil prices. The airline is evaluating twin-aisle airplanes from Airbus and Boeing, including the A350 and the 777X, President Walter Cho said. A decision on the purchase may be made next year, he said, without elaborating. “We are pleased with our current fleet of Airbus and Boeing, but they are starting to show their age,” Cho said. “We have to do replacement.” While carriers in Asia are adding more planes to their fleets to meet surging travel demand, they are also looking to retire their old aircraft that guzzle more fuel. For airlines in Asia, fuel costs top expenses. The airline also expects demand to grow as its joint venture with Delta, which started in May, brings more traffic into Asia. The airline could exercise options for 10 Boeing Dreamliners and could order more, Cho said. It is also looking at Boeing’s mid-range jets with the working title New Mid-Market Aircraft, while it’s not too keen on A330neos at the moment, he said.<br/>