Korean Air has announced an order for five new Airbus A330-200s along with two additional Boeing 777-300ERs, with a total value of $1.58 billion at list prices.
With several countries suspending cargo flights from Yemen, Germany on Monday extended the ban to passenger flights after two explosive devices were found aboard a U.S.-bound cargo plane in England and a FedEx facility in Dubai.
China is expected to become the world's number two plane market as it will require some 5,000 new commercial airplanes valued at $600 billion over the 20 years, Boeing projected on Wednesday.