India, March 25 -- Korean Air has agreed to buy up to 50 widebody aircraft manufactured by Boeing using GE Aerospace engines.

An agreement in this regard has been signed between Korean Air and American aviation leaders Boeing and GE Aerospace at a ceremony hosted by U.S. Secretary of Commerce Howard Lutnick.

The major commercial agreement is valued approximately $32 billion, the Department of Commerce said in a press release.

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"President Trump and I are dedicated to launching a new era for American manufacturing, and today's announcement clearly illustrates the global recognition of American manufacturing and innovation," said Secretary Lutnick. "The sup...