Gulf Air to Add up to 18 Boeing 787 Dreamliners to its Widebody Fleet
Rhea-AI Summary
Boeing (NYSE: BA) has secured a significant agreement with Gulf Air for the purchase of 12 787 Dreamliner jets, with options for six additional aircraft. The deal, once finalized, will expand Gulf Air's total firm order book to 14 Dreamliners and support 30,000 U.S. jobs.
Gulf Air currently operates 10 787 aircraft serving over 50 destinations. The Dreamliner, known for its fuel efficiency and passenger comfort features, has established over 425 new nonstop routes globally and transported more than 1 billion passengers since 2011. This agreement builds on Boeing's 60-year partnership with Gulf Air, which has received 37 Boeing aircraft since acquiring its first DC-3 in 1961.
Positive
- Agreement for 12 firm 787 Dreamliner orders plus 6 options strengthens Boeing's order book
- Deal will support 30,000 U.S. jobs
- Expands long-term partnership with Gulf Air spanning over 60 years
- Reinforces 787 Dreamliner's market position with over 1 billion passengers carried globally
Negative
- Order is not yet finalized and remains subject to completion
News Market Reaction 1 Alert
On the day this news was published, BA declined 0.72%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"This agreement marks a transformative step in Gulf Air's strategic growth journey as we expand our global footprint and modernize our fleet with one of the industry's most advanced and efficient aircraft," said Khalid Taqi, chairman of Gulf Air Group. "The Boeing 787 Dreamliner has proven to be an exceptional aircraft for our long-haul operations, and this new order reflects our confidence in its performance, passenger appeal and contribution to our sustainability goals. We are proud to deepen our partnership with Boeing and reaffirm our commitment to positioning
The 787 Dreamliner, recognized for its fuel efficiency, range and passenger experience, already serves as the backbone of Gulf Air's long-haul operations connecting over 50 destinations. With 10 787 airplanes in service, the airline is well-positioned to grow its network, serving new and existing markets across
"We are excited to build on our more than 60-year partnership with Gulf Air as we deliver the market-leading 787 Dreamliner to help the airline serve more passengers and connect more destinations," said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. "This investment in the 787 Dreamliner demonstrates Gulf Air's commitment to new technology and sustainable development, reinforcing
The 787 Dreamliner family has transformed global air travel by opening over 425 new nonstop routes and carrying more than 1 billion passengers worldwide since its commercial introduction in 2011. As Gulf Air's flagship airplane, the 787 features the largest windows of any widebody jet, air that is less dry and pressurized at a lower cabin altitude for greater comfort, and technology that senses and counters turbulence for a smoother ride.
From its first DC-3 in 1961, Gulf Air has taken delivery of 37 Boeing airplanes, including the 787 jets currently in its fleet.
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SOURCE Boeing