Korean Aerospace Industries inks $1.1bn A320 panel deal

Singapore
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Korean Aerospace Industries (KAI) has entered a $1.1 billion deal to supply the wing bottom panel assembly for the Airbus A320 family of aircraft.

The deal adds to the extensive work that KAI already undertakes for Airbus, says KAI in a statement. It has been providing the wing top panel for the A320 family since 2001, and this arrangement was renewed in 2011.

KAI also participated in the A380 development programme and is a risk sharing partner in the A350 XWB programme.

The wing bottom panel deal will be in place for the lifespan of the A320 family's programme.