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Stock impact report

Korean Air Finalizes $32 Bn Aircraft Deal With Boeing, GE [Barron's]

Alaska Air Group, Inc. (ALK) 
Last alaska air group, inc. earnings: 1/28 04:01 pm Check Earnings Report
US:NYSE Investor Relations: investor.alaskaair.com/investors
Company Research Source: Barrons
Commerce Secretary Howard Lutnick hosted a signing ceremony last Friday for the agreement valued at around $32 billion between Korean Air and US aviation giant Boeing, as well as GE Aerospace. "The agreement covers Korean Air's purchase of up to 50 widebody aircraft manufactured by Boeing using GE Aerospace engines," the US Commerce Department said Monday. Korean Air last year announced an order for 40 Boeing 787 and 777X wide-body aircraft at Britain's Farnborough Airshow, in good news for the embattled US aviation giant. The deal at the time included an option for 10 more 787 planes. "President Trump and I are dedicated to launching a new era for American manufacturing," Lutnick said in a statement Monday. He added that his department "remains committed to supporting these endeavors that will fuel our nation's economic resurgence." The announcement comes as the Trump administration has been imposing tariffs on countries and sectoral imports -- while threatening further Show less Read more
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