Friday, October 7, 2016

Boeing lands huge deal with Qatar Airways for 40 wide-body 787 Dreamliner and 777 jets

Boeing and Qatar Airways signed a deal Friday in D.C. representing the Middle Eastern airliner's largest single deal in its 19-year history.

Qatar Airways committed to purchasing 30 Boeing 787-9 Dreamliners and 10 Boeing 777-300ER (extended range) wide-body jets worth a total of $11.7 billion at list prices, though the aircraft manufacturer likely offered a significant discount.

The airline also signed a letter of intent for up to 60 additional 737-8 Max aircraft worth as much as $6.9 billion, representing the first Qatar Airways order of narrow-body jets made by Boeing.

"Qatar Airways is well-known within the airline industry for demanding nothing but perfection from the aircraft manufacturers,” Qatar Airways CEO Akbar Al Baker said at a news conference in Washington, D.C., Friday. "This order reflects Boeing’s continued effort to meet and deliver aircraft in line to our exacting standards.”

Boeing Commercial Airplanes CEO Ray Conner said the deal will support 104,000 American jobs "throughout the delivery stream of these airplanes."

"This is not only in the Seattle area, but this is across the United States,” Conner said, referring to Chicago-based Boeing’s facilities in Everett.

Qatar Airways will fly the 777s between Doha, Qatar, and Auckland, New Zealand — which will be the world's longest commercial nonstop flight when the service launches, Al Baker said.

Boeing’s relationship began with the Qatari airliner in 2006. Of the 190 aircraft in Qatar Airways' fleet, 84 are Boeing jets.

(James Bach - Puget Sound Business Journal)

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