FARNBOROUGH, United Kingdom,
July 16, 2014 /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."
"Qatar Airways took delivery of its first 777 a few short years
ago, and we are honored to see this partnership continue to grow
and strengthen," said Boeing Commercial Airplanes president and CEO
Ray Conner. "Today signifies a new
chapter in our relationship with Qatar Airways' endorsement of the
777X, as well as their ongoing confidence in the value of the 777
Freighter. These orders validate the market-leading role that the
777 and now the 777X will continue to play in the Middle East's passenger and cargo
market."
The 777X will introduce the latest technologies including the
most advanced commercial engine ever – the GE9X by GE Aviation –
and an all-new high efficiency composite wing that has a longer
span than today's 777. The 777X family includes the 777-8X and the
777-9X, both designed to respond to market needs and customer
preferences.
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.
Boeing is the undisputed air cargo market leader, providing over
90 percent of the total worldwide dedicated freighter capacity. The
777 Freighter is capable of flying 4,900 nautical miles (9,070 km)
with a full payload and general cargo market densities, making it
the world's longest-range twin-engine freighter. The airplane's
range capability translates into significant savings for cargo
operators: fewer stops and associated landing fees, less congestion
at transfer hubs, lower cargo handling costs and shorter cargo
delivery times.
Contact:
Saffana Michael
International Communications
Boeing Commercial Airplanes
+9 7150-4590651
saffana.michael2@boeing.com
Photo and caption will be available here:
http://boeing.mediaroom.com
SOURCE Boeing