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SEOUL - Korean Air will sell five of its planes to U.S. aerospace firm Sierra Nevada Corporation, the airline said in an exchange filing on Wednesday.
Sierra Nevada recently won a $13 billion U.S. Air Force contract to develop a successor to the E-4B Nightwatch, known as the Doomsday plane due to its ability to survive a nuclear war and act as a command and control centre during emergencies.The Korean Air planes being sold are four-engined Boeing 747-8s, a source familiar with the matter said.
The four current E-4 planes, which have been in service since the 1970s, are modified Boeing 747-200s. The sale, valued at 918 billion Korean won , is in line with Korean Air's medium to long-term plan to dispose of older aircraft and replace them with newer generation ones, the Korean Air filing said.
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