Saudi Press

Saudi Arabia and the world
Friday, Aug 21, 2026

Qatar seals Boeing freighter deal with surprise 737 order

Qatar seals Boeing freighter deal with surprise 737 order

Qatar Airways handed Boeing Co (BA.N) a record launch order for 34 new 777X freighters and added at least 25 Boeing 737 MAX jets on Monday in a $30 billion-plus package during a Washington diplomatic visit, deepening U.S. economic links to the Gulf.

The deal is a boost for Boeing at a time when the U.S. planemaker is battling industrial and financial constraints, and reflects upheaval in the jet market after Qatar Airways engaged in a contractual and safety dispute with Europe's Airbus SE (AIR.PA).

Boeing shares rose almost 5% after the freighter order was unexpectedly topped up by an order for the Boeing 737 MAX. The deal was timed to coincide with a visit to Washington by Qatar's emir in which the United States hailed the Gulf state as a major ally.

That followed days of frantic negotiations after Airbus revoked an order for 50 competing A321neo aircraft as part of a heated dispute with Qatar Airways over flaws in a larger jet.

Qatar Airways Chief Executive Akbar Al Baker said negotiators had "lost a lot of sleep" in the intervening two weeks and took a swipe at Airbus.

"We like to build long-term relationships with trusted partners where both parties work together towards a common purpose," he told a White House signing ceremony attended by leaders from Boeing and engine maker General Electric Co .

Airbus declined comment.

The provisional order for up to 50 of the 737-10, the largest member of the MAX family, makes Monday's deal a potential 100-plane package including options for later add-ons. Reuters reported the 737 MAX deal earlier on Monday.

The cargo part of the deal represents the first order for a freighter version of the world's largest twin-engine passenger plane, the 777X, whose entry to service has been pushed back by more than three years to late 2023 or beyond.

Boeing is banking on sales of the huge freighter to shore up its leadership of the cargo market and head off a recent challenge from Airbus, with a freighter version of its A350.

"(The 777X) will be an absolute world-beater," Boeing Chief Executive Dave Calhoun said at Monday's signing ceremony.

ORDER CONVERSIONS


Boeing agreed to convert a third of Qatar's existing order for 60 777X passenger planes, for which there is currently less demand, to freighters in order to win the order.

Speaking on the sidelines of high-level meetings on energy security amid the Ukraine crisis, Al Baker trumpeted support for the U.S. economy from Qatar Airways, which has faced trade complaints from U.S. carriers over alleged subsidies.

"I am especially pleased that the aircraft order will further emphasise Qatar Airways' support for the U.S. economy and U.S. jobs," he said.

For Boeing, the deal marks a respite from a recent safety crisis over the MAX and delays with the 777X passenger jet and 787 Dreamliner, and a chance to win points for its own economic contribution after intense regulatory and political scrutiny.

Boeing said the freighter order would sustain more than 35,000 U.S. jobs with an annual economic impact of $2.6 billion.

Boeing has dominated air freight for years through its 767, 777 and 747 cargo jets, though it will be urgently pressing for more orders for the new freighter flagship.

About half of global cargo by value travels by air, and in turn half of that usually goes in the belly of passenger planes.

During the pandemic, many airlines have been forced to park unused passenger jets, driving up demand for cargo space on dedicated freighters at a time when e-commerce has been a lifeline for many during COVID-19 lockdowns.

But economists warn the trends could start to unravel as the pandemic eases.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Cristiano Ronaldo and Georgina Rodríguez Sign Prenup Protecting Their Separate Fortunes
Google Launches Pixel 11 With Gemini AI at the Center of Its Hardware Strategy
Turkish Parliament Passes Landmark Bill Granting Conditional Amnesty to Disarmed PKK Members
Jorge Messi, Lionel Messi’s Father and Longtime Agent, Dies at 68
AI’s Next Bottleneck Is Power, Not Just Nvidia Chips
Meta Raises AI Spending Target to as Much as $145bn Despite Pressure Over Returns
Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Why Markets May Look Quiet in August After Big Tech Earnings
Trump’s Top General Seeks an Exit Strategy From Iran War, Report Says
Brock Lesnar Retires From Wrestling, Closing a Career of Rare Athletic Range and Lasting Controversy
UFO: Pentagon Releases Video of Unidentified Object Tracked Over Middle East
Ukraine Tells Senate Republicans Its Drone War Offers a Blueprint for America
Weight-Loss Drug Boom Tests the Limits of Prescription Advertising Rules
Saudi Arabia, Turkey and Pakistan Sign Mutual-Defence Pact
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
A SpaceX Rocket Is About to Crash Into the Moon — and Scientists Hope to Watch
Modern Slavery Decisions Broaden the Al Fayed Inquiry’s Frame
FIFA’s Retreat Leaves a Larger Question Over Who Guards the Game
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Arrest Warrant Issued in Lebanon for Tycoon Spotted Meeting Netanyahu in Washington
Trump says Israel ‘would not survive’ without US
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Pentagon Discloses Nearly 100 US Troop Injuries During Renewed Iran Fighting
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Spain Defeats Argentina in Extra Time to Win Second World Cup
Turkey Explores S-400 Transfer to UAE in Bid to Rejoin F-35 Program
US Retaliates Against Iran After Two American Troops Killed in Jordan
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Iran Claims It Destroyed Bahrain’s Main Artificial Intelligence Center in Missile and Drone Strike
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
Gold and Cash Seizure Puts Indonesia’s Senior Anti-Corruption Prosecutor Under Investigation
The Ledger Will Not Trust on Faith
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
×