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.”
Boeing release
