South Korean carrier Air Premia has committed to acquiring five Boeing 787-9s, in a deal valued at $1.4 billion at list prices.

South Korean carrier Air Premia has committed to acquiring five Boeing 787-9s, in a deal valued at $1.4 billion at list prices.

Boeing did not specify a delivery timeline for the five aircraft, as the commitment has yet to be finalised into a firm order.

At the start of the year, the Seoul-based carrier said that it plans to operate 10 787-9s over a five-year period, of which five would come from lessors. In April, it signed a lease agreement to take three 787s from Air Lease.

“We are honoured to welcome Air Premia as Boeing’s newest customer. As new entrants in Asia continue to launch innovative business models and strategies for growth, we are excited that Air Premia have selected the 787-9 Dreamliner to power their future fleet,” says Boeing's senior vice-president of commercial sales and marketing Ihsanne Mounir.

Air Premia plans to begin services in September 2020, starting off with services within Asia before expanding into long-haul routes in 2021.