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Air Premia orders 5 Boeing 787s

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Korean startup airline Air Premia has ordered five 787-9 Dreamliner airplanes from Boeing Co., a commitment valued at $1.4 billion at list prices.

Air Premia, which plans to launch operations by September 2020, also agreed earlier this year to lease three dash-9s from Air Lease Corp. The airline will be South Korea’s second Dreamliner operator.

“This is an exciting decision for Air Premia as we look to deliver a world-class experience to our customers while also operating the most fuel-efficient fleet,” Air Premia CEO Peter Sim said in a news release. “With the 787-9’s superior fuel efficiency and range capabilities, this investment ... will position Air Premia for sustainable long-term growth.”

The 787-9 can fly 296 passengers in a standard configuration, with a range of 7,530 nautical miles. Production of the dash-9 is split between North Charleston and Everett, Wash.

“We are honored to welcome Air Premia as Boeing’s newest customer,” Ihssane Mounir, Boeing’s senior vice president of commercial sales and marketing, said in the release. “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.”

Air Premia will be based at Incheon International Airport in Seoul and initially operate regionally in Asia, with plans to expand to Los Angeles and San Jose, Calif., by 2021.

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