Along with the announcement that Korea-based Asiana Airlines will purchase 25 single-aisle A321neo passenger jets from Airbus, the European aircraft maker said it will also deliver 30 of the same aircraft to Korean Air.
The contracts were signed on Tuesday to coincide with the visit to Seoul by French President Francois Hollande.
Korean Air, agreed to buy the 30 Airbus A321neo planes, worth around $3.7 billion at list prices, while taking options on another 20 of the aircraft.
The second biggest carrier Asiana contracted for the delivery of 25 A321neos, with a catalogue price of around $3.1 billion.
“South Korea is an increasingly large and important market for us,” said Airbus CEO Fabrice Bregier, who was part of a business delegation accompanying Hollande on his visit.
“It’s a large domestic market but a sizeable transport hub for the rest of Asia,” Bregier said.