Air Premia to purchase 5 Boeing 787 Dreamliner jets

Boeing [NYSE: BA] has announced Korean startup Air Premia plans to buy five 787-9 Dreamliner airplanes, following an agreement to lease three 787-9 jets from Air Lease Corporation earlier this year, the company said.

Air Premia, which plans to launch operations in 2020 is poised to become South Korea´s second Dreamliner operator.

The commitment, valued at USD 1.4 billion at list prices, will be reflected on Boeing´s Orders & Deliveries website when it is finalized.

With its base at Seoul Incheon International Airport, Air Premia will initially operate regionally in Asia before expanding its network to Los Angeles and San Jose by 2021.