Qatar Airways has finalized an order for 50 Boeing 777-9Xs, which Boeing values at $18.9 billion at current list prices.
The manufacturer and the airline finalized the 777X order, first announced as a commitment at the 2013 Dubai Airshow, on July 16 at the Farnborough International Airshow 2014.
In addition, Qatar Airways announced a commitment for 50 additional 777-9X purchase rights. If exercised, the purchase rights would take the carrier’s Boeing 777X order tally to 100 aircraft, which Boeing values at $37.7 billion at list prices.
The airline also announced its intent to order four Boeing 777 Freighters and secure options for four more, Boeing valuing the eight aircraft at $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,” says 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,” adds Al Baker.
According to Boeing, 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 Boeing 777-8X and the 777-9X.
Design of the Boeing 777X family is underway and production is set to begin in 2017, with first delivery targeted for 2020. To date, the 777X has accumulated orders and commitments for 300 aircraft from six customers worldwide.
Boeing provides over 90 per cent of the total worldwide dedicated freighter capacity. The Boeing 777 Freighter is capable of flying 4,900 nautical miles (9,070 kilometers) with a full payload and at general cargo market freight densities, making it the world’s longest-range twin-engine freighter.