Qatar Airways confirms Boeing 777 jets order for USD18.9bn

Image
AFP Farnborough (UK)
Last Updated : Jul 16 2014 | 4:02 PM IST
Qatar Airways has finalised a deal to buy 50 new generation 777-9X planes from US aircraft maker Boeing worth USD18.9 billion, the two firms announced today.
The order was first announced as a commitment at the Dubai airshow in 2013.
Qatar added today that it had agreed a commitment for 50 more of the long-haul fuel-efficient passenger jets, which if exercised would bring the total order value to USD37.7 billion at list prices, the airline announced at the Farnborough airshow.
As well as buying up to 100 passenger jets, Qatar said it intended to purchase four 777 freighter planes with an option for four more.
In total, the 777 package is worth about USD40 billion to Boeing.
"The Boeing 777 is the backbone of our fleet and is highly amenable to the standards Qatar Airways upholds. We look forward to building on our legacy with the next-generation 777-9X," said the airline's chief executive Akbar Al Baker.
Production of the 777X is set to begin in 2017, with first delivery targeted for 2020. Boeing has so far won 300 orders and commitments from six customers for the 777X.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 16 2014 | 4:02 PM IST

Next Story