Korean start-up carrier Air Premia plans to buy five 787-9 Dreamliner aircraft, in a commitment valued at $1.4 billion at list prices.
The commitment follows an agreement to lease three 787-9 jets from Air Lease Corporation earlier this year.
The airline plans to launch operations in 2020 and Boeing said it is set to become South Korea’s second Dreamliner operator.
Peter Sim, CEO of Air Premia commented: “With the 787-9’s superior fuel efficiency and range capabilities, this investment fits perfectly with our unique business model and will position Air Premia for sustainable long-term growth.”
“We are honoured to welcome Air Premia as Boeing’s newest customer. As new entrants in Asia continue to launch innovative business models and strategies for growth, we are excited that Air Premia have selected the 787-9 Dreamliner to power their future fleet,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing, The Boeing Company, adding: “The super-efficient 787-9 is a perfect fit for this new hybrid airline.”
With its base at Seoul Incheon International Airport, the airline will initially operate regional services in Asia before expanding its network to Los Angeles and San Jose by 2021.