Secretary Lutnick announces new commercial agreement between Korean Air, Boeing and GE Aerospace

Admin I Monday, March 24, 2025

 

 

WASHINGTON – On Friday, U.S. Secretary of Commerce Howard Lutnick hosted a signing ceremony for a major commercial agreement between Korean Air and American aviation leaders Boeing and GE Aerospace, valued at approximately $32 billion.

The agreement covers Korean Air’s purchase of up to 50 widebody aircraft manufactured by Boeing using GE Aerospace engines. The event underscored the Trump administration’s commitment to launching a new American manufacturing renaissance and Golden Age.

Secretary Lutnick: “President Trump and I are dedicated to launching a new era for American manufacturing, and today’s announcement clearly illustrates the global recognition of American manufacturing and innovation. Our skilled workforce at industry leaders like Boeing and GE Aerospace embodies America’s unparalleled industrial strength and technological prowess.

The Department of Commerce remains committed to supporting these endeavors that will fuel our nation’s economic resurgence.”

Kelly Ortberg, President and CEO of Boeing: “The support provided by the Department of Commerce has been essential, and we are eager to continue working together to enhance the competitiveness of American manufacturing and exports. Our ongoing collaboration with Korean Air highlights international confidence in aircraft made in America.”

Russell Stokes, President and CEO of Commercial Engines and Services at GE Aerospace: “We greatly value Korean Air’s ongoing trust and the Commerce Department’s consistent support for American technological leadership. We’re enthusiastic about advancing our longstanding collaboration, supporting Korean Air’s fleet modernization and growth ambitions.”

Since taking office, the Trump administration has already secured over $3 trillion worth of investment commitments in the United States and is committed to slashing America’s trade deficit.

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