Boeing, Qatar Airways Announce New Commitment for 5 777 Freighters

  • New purchase expands airline 777 Freighter order book
  • World's largest, most capable twin-engine freighter is powering Qatar's growing air freight business

Qatar Airways, one of the world's leading air cargo carriers, announced a commitment today to purchase five additional 777 Freighters from Boeing [NYSE: BA]. The deal, valued at $1.8 billion at list prices, was unveiled at the Paris Air Show and signed in the presence of His Excellency Jassim Saif Ahmed Al-Sulaiti, Qatari Minister of Transport and Communications.

When the purchase is finalized, it will be posted to Boeing's Orders and Deliveries website.

"I am very pleased that Qatar Airways has today signed this landmark order for five new Boeing 777 Freighters to add to our cargo fleet," said His Excellency, Mr. Akbar Al Baker , CEO, Qatar Airways Group. "It will increase our 777 freighter fleet by a full 20 percent, enabling us to further develop our business and offer new customers the chance to experience a truly first-class logistics service. This is an order that will propel our growth and, I firmly believe, confirm us as the leading cargo operator in the world."

Qatar Airways has rapidly grown its air cargo operations to serve more than 60 global destinations, becoming one of the top international air freight operators in the world. The latest freighter deal builds on the airline's 777 Freighter order book as the airplane has become the backbone of Qatar Airways freighter fleet. It currently operates 23 freighters, including 16 Boeing 777 Freighters.

"Qatar Airways continues to implement a bold vision to be the world's leading air cargo carrier and we are thrilled that they have again chosen to build that future with the Boeing 777 Freighter. It is a great testament to the airplane's unmatched capabilities," said Kevin McAllister , president and CEO of Boeing Commercial Airplanes. "We are proud of our long-standing partnership with Qatar Airways. We deeply appreciate their business and positive impact on Boeing, our employees, suppliers and communities."

The 777 Freighter is the world's largest and most capable twin-engine freighter. It can fly 4,970 nautical miles (9,200 kilometers) with a payload of 224,900 lbs (102,010 kg). The airplane's long range translates into significant savings as fewer stops mean lower landing fees, less congestion, lower cargo handling costs and shorter delivery times. 

Customers from around the world have ordered 217 777 Freighters since the program began in 2005, including a record 45 units in 2018. Boeing is the air cargo market leader, providing over 90 percent of the dedicated freighter capacity around the world.

Qatar Airways also uses Boeing Global Services digital solutions, including Maintenance Performance Toolbox, and Airplane Health Management and flight deck solutions powered by Boeing AnalytX. These solutions provide Qatar Airways personnel with real-time access to maintenance, flight and aircraft performance information to optimize efficiency and lower fleet operating costs.

Source: The Boeing Company (NYSE: BA)
Date: Jun 19, 2019