Qatar Airways to buy 40 Boeing planes for $11.7bn

[Al-Andalus]

Qatar Airways to buy 40 Boeing planes for $11.7bn

​

WASHINGTON, 1 days ago


Qatar Airways has reached an agreement with Boeing to purchase 30 787-9 Dreamliners and 10 777-300ERs valued at $11.7 billion at list prices in line with its fleet expansion strategy.

The airline also signed a Letter of Intent for up to 60 737 MAX 8s, valued at $6.9 billion at list prices, said a statement from Boeing.

One of largest fleet announcements in Qatar Airways' history validates the value, reliability and performance of Boeing's twin-aisle airplanes.

Today's announcement builds on Qatar Airways' current fleet of 84 Boeing aircraft, a combination of 787s and 777s, all delivered over the last nine years.

With this new order, Qatari national carrier boosts its firm order backlog of Boeing widebody airplanes from 65 to 105, including 60 777Xs.

The announcement was made in the presence of Qatar's Minister of Finance Ali Shareef Al Emadi, US Deputy Secretary of State Tony Blinken and the Ambassador of Qatar Mohammed Jaham Al Kuwari.

On the new deal, Qatar Airways Group chief executive Akbar Al Baker, said: "Qatar Airways, already one of the fastest growing airlines in the history of aviation, today announces a significant and historic aircraft order that will power our future growth for the years and the decades ahead."

"Boeing has proven to be a valuable partner, and today's announcement is testament to our appreciation of the quality of their product and their dedication to providing world class customer service," he stated.

Qatar Airways' relationship with Boeing was renewed in 2006. Since then, there have been many milestones in the partnership. The airline was the first to operate the 787 in the Middle East and is a launch customer for the 777X, said Al Baker.

With the commitment for the 737 MAX 8, it would be the first Boeing single-aisle airplane model to join Qatar Airways' fleet in more than 15 years.

"Congratulations to The Boeing Company and Qatar Airways on the remarkable milestone they've reached, which will significantly grow the number of Boeing aircraft in the Qatar Airways fleet," said US Secretary of Commerce Penny Pritzker.

"Beyond its importance for these two companies, this agreement demonstrates the importance of global commercial partnerships in strengthening our bilateral ties. This deal will strengthen economic opportunity and job creation, and highlights the importance of strong global trading relationships," he added.

Boeing Commercial Airplanes president and chief executive Ray Conner said: "We are so very proud that a discerning and market-leading customer like Qatar Airways not only continues to endorse our current products, but also has confidence in Boeing's new technology that will soon be evident on the 777X and 737 MAX."

The 777-300ER is the most reliable twin-aisle airplane flying today and is considered to be the flagship of the world's elite airlines. It has the highest schedule reliability of any twin-aisle airplane at 99.5 percent - the airplane is on time, nearly all the time.

The 787-9 Dreamliner is the second member of the super-efficient, passenger-pleasing 787 family. The 787-9, a stretch of the 787-8, can fly 290 passengers 7,635 nautical miles (14,140 km) in addition to more cargo, allowing airlines the ability to grow routes first opened by the 787-8.

Boeing's newest family of single-aisle airplanes - 737 MAX 7, 737 MAX 8, 737 MAX 9 and 737 MAX 200 - builds on the Next-Generation 737's popularity and reliability while delivering customers unsurpassed fuel efficiency in the single-aisle market, with deliveries scheduled to begin in 2017.

"Our partnership with Qatar Airways has grown and strengthened tremendously over the years and I look forward to the time when its fleet will feature an increasing number of both our single and twin-aisle airplanes," remarked Conner.-TradeArabia News Service

http://www.tradearabia.com/news/TTN_314787.html

GCC further cementing its leading position as an aviation hub of the world. Excellent.

https://defence.pk/threads/the-worl...014-3-gcc-arab-airlines-in-the-top-10.353619/

 

[war&peace]

I wonder why did they not buy a few Airbus A350 wide body carriers. But a nice a addition that basically shows the progress Qatar Airways and I think the timing is perfect for the FIFA World cup 2022 in Qatar. Qatar has quite a lot of flights to Pakistan and I can only see it increasing in future.

 

[Al-Andalus]

I wonder why did they not buy a few Airbus A350 wide body carriers. But a nice a addition that basically shows the progress Qatar Airways and I think the timing is perfect for the FIFA World cup 2022 in Qatar. Qatar has quite a lot of flights to Pakistan and I can only see it increasing in future.

Qatar Airways has already made/received 80 Airbus A350 XWB's orders and deliveries. More than any other airline in the world.

https://en.wikipedia.org/wiki/List_...ers_and_deliveries_by_customer_.28sortable.29

As for their entire fleet.

http://www.qatarairways.com/dk/en/our-fleet.page

Plus this recent huge deal.

Almost every GCC country is investing a lot of money in their aviation sector, new airports and airlines. Rightly so as the GCC is a leading aviation hub in the world and it should/must retain this position. Investments like this will ensure that.

I don't think that the FIFA World Cup 2022 plays any role in that strategy. As for travel between Pakistan and the GCC. Well, that is evident.

 

[Providence]

Guys, 90% of these deals are always in options ! Airline industry work like that.

 

[cloud4000]

I wonder why did they not buy a few Airbus A350 wide body carriers. But a nice a addition that basically shows the progress Qatar Airways and I think the timing is perfect for the FIFA World cup 2022 in Qatar. Qatar has quite a lot of flights to Pakistan and I can only see it increasing in future.

Qatar Airways is not happy with Airbus, at the moment. Issues regarding 320 NEOs engines has delayed delivery of the aircraft. Qatar's CEO is quite a vocal person and doesn't mind airing his views publicly. The order for 737 MAX 8 is an interesting one, clearly made as a warning to Airbus. But I wouldn't be surprised if the order was cancelled down the line. Airlines like to play such games to get the best deal.