Qatar Airways signs up $1.7 billion LOI for five 777F
Chicago - Boeing and Qatar Airways signed a letter of intent for five widebody Boeing 777 freighter planes, valued at $1.7 billion at list prices.
The letter of intent was signed in a ceremony with the attendance of Qatari Minister of Finance and Qatar Airways Chairman Ali Sharif Al Emadi, Qatar Airways Group Chief Executive Akbar Al Baker, and Boeing Commercial Airplanes President & CEO Kevin McAllister.
The Boeing 777F has a flight range of 4,900 nautical miles (9074.8) with a payload of 112 tons. The freighter’s long-range flight capability means fewer stops, lower landing fees, less congestion, lower cargo handling costs and faster delivery times.
This transaction will be a reinforcement of our confidence in Boeing to continue to deliver an outstanding product that meets our exacting standards,Qatar Airways CEO Al Baker said.
We expect no less than perfection, and we are confident that Boeing will continue to deliver that.
Qatar Airways is one of the Middle East’s largest airlines. The Gulf-based carrier operates a fleet of 23 cargo planes of which 13 777F, and 191 passengers jets.
We are proud of our long-standing partnership with Qatar Airways, and we value their business and the positive impact on Boeing, our employees, suppliers, and communities,said Boeing Commercial Airplanes President & CEO Kevin McAllister.
We are honored that one of the world's leading international cargo carriers recognizes the unmatched capabilities of the 777 Freighter to continue to lift their growing freight operations.
Boeing is the leader of the freighter market, providing over 90 percent of the dedicated cargo capacity around the world.