Qatar Airways Finalize Order for 50 777Xs

Courtesy Boeing

Farnborough, United Kingdom, /PRNewswire/ — Boeing [NYSE: BA] and Qatar Airways have finalized an order for 50 777-9Xs, valued at $18.9 billion at current list prices. The 777X order, first announced as a commitment at the 2013 Dubai Airshow, was part of the largest product launch in commercial jetliner history.

In addition, the airline announced a commitment for 50 additional 777-9X purchase rights. If exercised, that would take Qatar’s 777X order tally to 100 airplanes valued at $37.7 billion at list prices.
Qatar Airways also announced their intent to order four 777 Freighters and options for four more, with a combined value of $2.4 billion at list prices.

“Qatar Airways continuously builds upon its successful fleet program, and this latest announcement demonstrates the quality equipment we acquire to deliver on our signature Five-Star service,” said His Excellency Mr. Akbar Al Baker, CEO of Qatar Airways. “The Boeing 777 is the backbone of our fleet and is highly amenable to the standards Qatar Airways upholds. We look forward to building on our legacy with the next-generation 777-9X.”

The 777-9X will be 12 percent more fuel efficient than any competing airplane, necessary in today’s competitive environment. The 777-8X is 5 percent more efficient than its competitor at all ranges while providing for new network opportunities. Design of the 777X is underway and production is set to begin in 2017, with first delivery targeted for 2020. To date, the 777X has accumulated 300 orders and commitments from six customers worldwide.

Source Boeing / Edited By Airline Adviser 07/21/14