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Boeing to sell $20B cargo planes to Qatar Airways

February 1, 2022 People's Journal 274 views

Washington, AFP — US plane maker Boeing reached a pair of major agreements on Monday with Qatar Airways, including the sale of 34 777X freighters worth an estimated $20 billion.

Besides the 34 planes, Qatar Airways also has purchase rights for another 16 777X cargo planes, according to the agreement finalized at a White House signing ceremony.

The Middle Eastern carrier also signed a letter of intent to buy 25 737 MAX planes worth $6.7 billion, the White House said.

The announcement gives a boost to Boeing and its latest widebody plane the 777X, which saw its development pushed back amid the Covid-19 pandemic.

The 777 “will be an absolute world beater,” said Boeing Chief Executive David Calhoun, who has also emphasized the plane maker is seeing freight aircraft demand grow as e-commerce becomes more popular.

The contract shows that Boeing “serves a global need that in a post-Covid world will be coming back and coming back in a significant way,” Calhoun said at the signing.