Berliner Boersenzeitung - Boeing seals deals with Qatar Airways, launches new cargo plane

EUR -
AED 4.302915
AFN 80.572435
ALL 98.000265
AMD 449.648319
ANG 2.096558
AOA 1074.273406
ARS 1469.644988
AUD 1.793436
AWG 2.108715
AZN 1.9913
BAM 1.957803
BBD 2.36522
BDT 142.796096
BGN 1.956302
BHD 0.441698
BIF 3490.270937
BMD 1.171509
BND 1.500635
BOB 8.094281
BRL 6.405924
BSD 1.171699
BTN 100.336656
BWP 15.651013
BYN 3.833622
BYR 22961.56825
BZD 2.353007
CAD 1.604527
CDF 3380.974043
CHF 0.931697
CLF 0.028871
CLP 1107.754746
CNY 8.404462
CNH 8.417184
COP 4734.077904
CRC 590.804459
CUC 1.171509
CUP 31.044977
CVE 110.377929
CZK 24.655585
DJF 208.603425
DKK 7.461502
DOP 70.241865
DZD 152.03724
EGP 58.14256
ERN 17.572629
ETB 162.535192
FJD 2.633258
FKP 0.863129
GBP 0.861961
GEL 3.174728
GGP 0.863129
GHS 12.212495
GIP 0.863129
GMD 83.759866
GNF 10165.400341
GTQ 9.003211
GYD 244.970632
HKD 9.196272
HNL 30.631339
HRK 7.533738
HTG 153.747301
HUF 399.957134
IDR 19035.608683
ILS 3.892987
IMP 0.863129
INR 100.414334
IQD 1534.570037
IRR 49349.799251
ISK 143.404526
JEP 0.863129
JMD 187.26159
JOD 0.830597
JPY 171.645918
KES 151.375752
KGS 102.448569
KHR 4703.812526
KMF 492.617262
KPW 1054.331969
KRW 1610.332215
KWD 0.357732
KYD 0.976199
KZT 607.491532
LAK 25239.82316
LBP 104959.585385
LKR 352.17031
LRD 234.870299
LSL 20.880163
LTL 3.45916
LVL 0.708634
LYD 6.335482
MAD 10.550194
MDL 19.855314
MGA 5185.305147
MKD 61.524663
MMK 2459.590925
MNT 4204.027859
MOP 9.471791
MRU 46.669748
MUR 53.057721
MVR 18.040263
MWK 2031.278225
MXN 21.752384
MYR 4.979492
MZN 74.92988
NAD 20.880163
NGN 1793.4034
NIO 43.1041
NOK 11.82498
NPR 160.538249
NZD 1.954973
OMR 0.450453
PAB 1.171398
PEN 4.158555
PGK 4.914028
PHP 66.217168
PKR 333.123523
PLN 4.244296
PYG 9079.289127
QAR 4.27137
RON 5.075792
RSD 117.183661
RUB 91.464322
RWF 1692.731854
SAR 4.393759
SBD 9.766778
SCR 16.531148
SDG 703.491445
SEK 11.156241
SGD 1.500404
SHP 0.920622
SLE 26.361541
SLL 24565.953549
SOS 669.484958
SRD 43.639279
STD 24247.862426
SVC 10.249486
SYP 15232.106739
SZL 20.879362
THB 38.281363
TJS 11.333495
TMT 4.111995
TND 3.426105
TOP 2.743793
TRY 46.918233
TTD 7.954138
TWD 34.182041
TZS 3078.14156
UAH 48.963195
UGX 4205.302494
USD 1.171509
UYU 47.388484
UZS 14891.235398
VES 131.546118
VND 30622.062882
VUV 139.765571
WST 3.225587
XAF 656.628805
XAG 0.032165
XAU 0.000354
XCD 3.166061
XDR 0.815468
XOF 656.628805
XPF 119.331742
YER 283.32975
ZAR 20.826138
ZMK 10544.990043
ZMW 28.495154
ZWL 377.225286
  • CMSC

    0.0900

    22.314

    +0.4%

  • CMSD

    0.0250

    22.285

    +0.11%

  • RBGPF

    0.0000

    69.04

    0%

  • SCS

    0.0400

    10.74

    +0.37%

  • RELX

    0.0300

    53

    +0.06%

  • RIO

    -0.1400

    59.33

    -0.24%

  • GSK

    0.1300

    41.45

    +0.31%

  • NGG

    0.2700

    71.48

    +0.38%

  • BP

    0.1750

    30.4

    +0.58%

  • BTI

    0.7150

    48.215

    +1.48%

  • BCC

    0.7900

    91.02

    +0.87%

  • JRI

    0.0200

    13.13

    +0.15%

  • VOD

    0.0100

    9.85

    +0.1%

  • BCE

    -0.0600

    22.445

    -0.27%

  • RYCEF

    0.1000

    12

    +0.83%

  • AZN

    -0.1200

    73.71

    -0.16%

Boeing seals deals with Qatar Airways, launches new cargo plane
Boeing seals deals with Qatar Airways, launches new cargo plane

Boeing seals deals with Qatar Airways, launches new cargo plane

Boeing launched a new freighter jet Monday while announcing a pair of major agreements with Qatar Airways, in a boost to the still-struggling US aviation giant.

Text size:

The deal with the Middle Eastern carrier was unveiled at a White House ceremony attended by top US and Qatari officials, and includes the sale of 34 777X freighters, plus options for 16 more planes in the latest incarnation of Boeing's storied dual-aisle 777 line.

Boeing said the $20 billion value of the Qatar Airways deal constitutes the largest freighter commitment in Boeing history.

The airline also reached an agreement worth nearly $7 billion for a firm order of 25 737 MAX planes plus purchase rights for another 25 planes, Boeing said.

The agreements gives a lift to Boeing, which continues to struggle with quality control problems as commercial aviation experiences a mixed recovery from the depths of the coronavirus downturn.

The announcements show that Boeing "serves a global need that in a post-Covid world will be coming back, and coming back in a significant way," Boeing Chief Executive David Calhoun said at the signing.

For Qatar Airways, the deals with Boeing follow an unusual public fight with European plane maker Airbus.

Earlier this month, Airbus canceled the carrier's multi-billion-dollar order of 50 new single-aisle planes in an escalating feud over Qatar Airways' decision to ground its A350 widebody aircraft.

"Today marks a great day in the ever-building and strong relationship between Qatar Airways and Boeing," said Qatar Airways Chief Executive Akbar Al Baker.

"We certainly push Boeing hard to deliver upon our expectations, and the team at Boeing consistently strives to meet and exceed our expectations, giving the opportunity for us to be here today to launch the most significant new freighter aircraft for a generation."

The signing ceremony came as Qatar's Sheikh Tamim bin Hamad al-Thani visited the White House, where President Joe Biden was expected to shore up the energy back-up for European allies as Washington pressures Russia over the Ukraine crisis.

Qatar is a major natural gas exporter.

- Hot cargo market -

Boeing last week reported a $4.1 billion quarterly loss connected to problems with its 787 Dreamliner plane that resulted in $3.8 billion in one-time expenses. The company has suspended deliveries on the model due to a series of production problems.

The 787's woes have dampened Boeing's comeback despite a surge in deliveries of the MAX last year, which was cleared for service in late 2020 following a 20-month grounding after two fatal crashes.

On the 777X, Boeing had initially launched the program in 2013 with a plan to bring the jet into service in 2020. But the timeframe has been repeatedly pushed back. Boeing now expects the first jets for commercial service to be delivered in 2023.

The 777x cargo planes jets connected to Monday's Qatar Airways deal will be delivered starting in 2027, Boeing said.

Richard Aboulafia, an aviation expert at AeroDynamic Advisory, said cargo demand "is about the only bright spot" in the dual-aisle plane market, where activity has remained more depressed compared with single-aisle plains.

The 777X jets will be assembled at Boeing's Everett, Washington complex and will employ engines produced by General Electric, which will also be assembled in the United States, US Commerce Secretary Gina Raimondo said.

She described the agreement as testament to "the thriving trade relationship between the United States and Qatar."

Boeing said the 777X Freighter order will sustain 35,000 US jobs and bolster suppliers across 38 states.

(K.Lüdke--BBZ)