Korean Air sells five aircraft to the American aerospace company Sierra Nevada

Korean Air will sell five of its planes to U.S. aerospace company Sierra Nevada Corporation, the airline said in an exchange filing on Wednesday.

Sierra Nevada recently won a US Air Force contract worth $13 billion to develop a successor to the E-4B Nightwatch, known as the Doomsday aircraft for its ability to survive nuclear war and during emergencies to act as a command and control center. Sierra Nevada did not immediately respond to a request for comment.

The Korean Air planes being sold are four-engine Boeing 747-8s, a source familiar with the matter said. The four current E-4 aircraft, in service since the 1970s, are modified Boeing 747-200s.

The sale, valued at 918 billion Korean won ($674 million), is in line with Korean Air’s medium- to long-term plan to divest older aircraft and replace them with newer generations, Korean Air’s filing said. Korean Air will deliver the planes by September 2025, the filing said.

($1 = 1,363.0100 won)

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