Korea Aerospace wins 755 billion won plane parts deal from UK

Korea Aerospace Industries Co. (KAI) has received a 754.6 billion-won order to supply single-aisle wing parts to an identified British aircraft company from January 2026 to December 2030.

KAI used to manufacture wing and body parts for Boeing and Airbus passenger jets, but the pandemic dried up the deals.

South Korea's sole aircraft manufacturer projected that Airbus would begin placing orders from the second half of this year while Boeing will follow suit in the first half of 2023.

KAI reported a net profit of 11.9 billion won in the January-March quarter, down 85 percent from the 79.5 billion won a year earlier due to the pandemic's impact.