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Wed 7 Jan 2015 11:51 AM

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Qatar Airways inks $2.46bn new plane deal with Boeing

Agreement includes an order for four 777 Freighters, with purchase rights for an additional four

Qatar Airways inks $2.46bn new plane deal with Boeing

Qatar Airways has finalised an order for four 777
Freighters, valued at $1.24 billion at current list prices, with purchase
rights for four additional airplanes worth an additional $1.22 billion, Boeing
announced on Wednesday.

"As Qatar Airways develops its cargo route
network, we are pleased they have selected the 777 Freighter to be part of this
expansion," said Boeing Commercial Airplanes president and CEO Ray Conner.
"We greatly value the long-term partnership Qatar Airways and Boeing have
shared over nearly a decade."

Qatar Airways currently operates a fleet of 37
Boeing 777-300ERs (Extended Range) and 777-200LRs (Longer Range), in addition
to seven 777 Freighters.

"We aim to make Qatar Airways one of the
world's major air cargo players," said Akbar Al Baker, CEO, Qatar Airways.
"With its proven track record, long-range capabilities and excellent
operational efficiencies, the 777 Freighter will be a key player in enabling
Qatar Airways to grow its footprint and economically deliver cargo further,
connecting many long-haul destinations from our hub in Doha, especially with
the expansion of Doha's new freight terminal."

Qatar Airways first announced an intent to order
the four 777 Freighters at the 2014 Farnborough Airshow.

The 777 Freighter is capable of flying 4,900
nautical miles (9,070kms) with a full payload and general cargo market
densities, making it the world's longest-range twin-engine freighter.

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