PARIS LIGHT ON ORDERS BUT COMMITMENT HEAVY

Thus far Paris has been the show of LOIs and MOUs with few orders thus far. The highlights today came from Korean Air, which announced a commitment to purchase five 747-8 Intercontinentals and six 777-300ERs – list price of this lot is around $3.6bn but that is of course not what is going to be paid and Korean knows that it will be able to screw down a very good price for the 747-8Is. If today’s order is finalized, Korea’s flag carrier will have 10 747-8Is on order. The airline has taken delivery of three of its seven 747-8 Freighters