New York Airport News

JFK, LGA, EWR, SWF, TEB, FRG, ISP - News That Moves the Industry

New York Airport News

JFK, LGA, EWR, SWF, TEB, FRG, ISP - News That Moves the Industry

Qatar Airways, the state-owned airline of Qatar, has made a significant purchase of up to 210 widebody jets from American planemaker Boeing. The deal, which was signed during President Donald Trump’s visit to the Gulf Arab country, is estimated to be worth $96 billion and is seen as a major success for Boeing.

The agreement includes orders for both the 777X and 787 models, which will be equipped with engines from GE Aerospace. This deal is a major win for Trump during his high-profile visit to the region, despite the fact that it will take several years for the jets to be delivered.

This sale is also a significant boost for both Boeing and GE Aerospace, as they have faced competition from rival company Airbus and their A350 model. Airbus’ planes, which are powered by Rolls-Royce engines, have faced maintenance issues in hot climates, such as those in the Gulf region.

Shares for Boeing rose by 0.9% in New York following the announcement, while GE Aerospace saw a slight increase of 0.1% in their stock. The deal also marks the largest widebody engine deal for GE Aerospace, according to CEO Larry Culp.

The signing ceremony was attended by President Trump, Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani, Boeing CEO Kelly Ortberg, and Qatar Airways CEO Badr Mohammed Al-Meer. Trump stated that Ortberg had informed him that this was the largest jet order in Boeing’s history.

Initially

[Qatar Airways signs deal for up to 210 Boeing jets during Trump visit
Scroll to top