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Boeing, Qatar Airways Announce Order for Six 777-300ERs

The FINANCIAL by The FINANCIAL
June 20, 2011
in Business
Reading Time: 1 min read
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The FINANCIAL — LE BOURGET, France, June 20, 2011 — Boeing and Qatar Airways today announced an order for six Boeing 777-300ERs (Extended Range) airplanes at the international 2011 Paris Air Show. The order is valued at $ 1.7 billion at list prices. 

As one of the fastest growing airlines in the world, Qatar Airways currently operates 25 Boeing airplanes: eight ultra-long range 777-200LRs (Long Range), 15 777-300ERs and two long-range 777 Freighters. 

"We are expanding our international network rapidly and adding new routes and destinations that will extend Qatar Airways' reach across the globe, especially as we aim to open up more non-stop routes to popular and under-served cities around the world," said Akbar Al Baker, Qatar Airways' CEO. "We currently have 25 Boeing 777s in our fleet and its payload and range capability, reliability and economics have made this aircraft the backbone of our long-haul fleet."

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"We are extremely pleased to be playing a role in the growth and success of Qatar Airways," said Jim Albaugh, president and chief executive officer, Commercial Airplanes Boeing Commercial Airplanes. "And we are grateful for the confidence and trust that Qatar Airways continues to place in Boeing – and in the 777."

In November 2007, Qatar Airways took delivery of the first of a 32 Boeing 777 order. Exercise of options subsequently increased the order to 40 aircraft of which 15 are pending delivery.

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The Boeing 777 family is a complete family of jetliners that is preferred by passengers and airlines around the world. The market-leading 777 family has the ability to fly point-to-point nonstop to bypass crowded and busy hub airports.

This order was previously accounted for on Boeing's Orders and Deliveries website as unidentified in 2011.

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