The Boeing Company (BA) Strikes Gold in a $46 Bln Deal with Qatar Airways

According to experts on Bloomberg TV, the fact that airlines are looking for wide body and volume is likely to continue driving big orders for advanced commercial jets like those that The Boeing Company (NYSE:BA) and Airbus offer.

The Boeing Company (NYSE:BA)

However, the experts also noted that The Boeing Company (NYSE:BA) appears to be getting several things done, especially with reference to the major order with Qatar Airways. The Boeing Company (NYSE:BA) almost tore rival Airbus apart at the Farnborough Air Show on the third day of the event, escaping the shadow of Airbus that engulfed it on the first two days of the event, outside of London.

The jet maker reported $46 billion in sales, courtesy of a deal with the Qatar Airways that made a major order for Boeing 777X model. The transaction with Qatar Airways saw the airliner doubling its planned purchases of the advanced version of Boeing 777. For Airbus, only one buyer expressed interest in the competing A350 model. That buyer was Air Mauritius.

The Boeing 777X order was first committed in 2013 at the Dubai Air Show. The finalizing of the order makes it part of the largest product launch in the history of commercial jetliner. According to the official statement from The Boeing Company (NYSE:BA), the latest deal demonstrates how the company continues to grow its partnership with Qatar Airways.

“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,” remarked Ray Conner, Boeing Commercial Airplanes president and CEO.

The Boeing 777X jet model, a long-range and wide-body jet featuring what stands out as the world’s largest commercial engine, is expected to be introduced by the end of the decade to follow the current and already successful model, Boeing 777.

On the deal with Qatar Airways, which is expected to introduce The Boeing Company (NYSE:BA) to more business opportunities in the Middle East, Conner noted that: “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.”


Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!