Boeing and Qatar Airways Announce Historic Order for up to 210 Widebody Airplanes
Rhea-AI Summary
Qatar Airways has placed a historic order with Boeing [NYSE: BA] for up to 210 widebody aircraft, marking Boeing's largest-ever widebody order. The deal includes 130 787 Dreamliners, 30 777-9s, and options for an additional 50 aircraft. This record-breaking purchase will support approximately 400,000 U.S. jobs and positions Qatar Airways for international expansion.
The 787 Dreamliners offer 25% improved fuel efficiency compared to predecessors, while the 777-9s, being the world's largest twin-engine aircraft, promise similar fuel use and emissions reductions. Qatar Airways currently operates over 150 Boeing aircraft and will become the Middle East's largest 787 Dreamliner operator through this purchase.
Positive
- Record-breaking order: Largest widebody order in Boeing's history
- Supports approximately 400,000 U.S. jobs
- 25% fuel efficiency improvement for both 787 and 777-9 aircraft
- Strengthens Boeing's market position in the Middle East
- Long-term revenue stream through aircraft deliveries extending into the next decade
Negative
- Significant production capacity commitment required to fulfill large order
- Extended delivery timeline spanning into the next decade
- Large financial commitment and potential execution risks
News Market Reaction – BA
On the day this news was published, BA gained 0.64%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The order includes:
- 130 787 Dreamliners, the long-range, ultra-efficient widebody airplane family that has delivered a
25% fuel-use improvement compared to airplanes it replaces and superior comfort for passengers. Ten orders were previously booked as unidentified. - 30 777-9s, the world's largest twin-engine airplane that is designed to set new standards in efficiency by reducing fuel use and emissions by
25% compared to the airplanes it replaces, while elevating the passenger flight experience. - Options for an additional 50 787 and 777X airplanes.
"We are happy to announce our agreement with Boeing and our partnership in the largest aircraft order in our history. A critical next step for Qatar Airways on our path as we invest in the cleanest, youngest and most efficient fleet in global aviation. This so we can meet the strong demand in the airline as we seamlessly connect passengers to the world better than anyone," said Qatar Airways Group Chief Executive Officer Engr. Badr Mohammed Al-Meer. "After two consecutive years of record-breaking commercial performance and with this historic Boeing aircraft order we're not simply chasing scale, we're building strength that will allow us to continue to deliver our unmatched products and customer experiences. We thank our Boeing partners for answering the call and look forward to a future of continued smart growth together."
"We are deeply honored that Qatar Airways has placed this record-breaking order with Boeing, one that solidifies their future fleet with our market-leading widebody airplane family at its center," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "Our team is looking forward to building 787s and 777s for Qatar Airways into the next decade as they connect more people and businesses around the world with unmatched efficiency and comfort."
Qatar Airways currently operates more than 150 Boeing airplanes, including 777 and 787 passenger jets and 777 Freighters. With this purchase, Qatar Airways will become the largest 787 Dreamliner operator in the
About Qatar Airways
A multiple award-winning airline, Qatar Airways won the 'World's Best Airline' for the unprecedented eighth time at the 2024 World Airline Awards, managed by the international air transport rating organization, Skytrax. Qatar Airways has been the World's Best Airline in 2011, 2012, 2015, 2017, 2019, 2021, 2022, and 2024. The airline continues to be synonymous with excellence, also taking home, 'World's Best Business Class', 'World's Best Business Class Airline Lounge', and 'Best Airline in the
Qatar Airways was the first Airline in the
Qatar Airways currently flies to over 170 destinations worldwide, connecting through its
About Boeing
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Contact
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SOURCE Boeing