Arab Press

بالشعب و للشعب
Tuesday, Feb 24, 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

Arab Press
0:00
0:00
Close
GCC Secretary-General Holds Talks with EU Ambassador in Riyadh
Gulf States’ AI Investment Drive Seen as Strategic Bet on Technology and U.S. Security Ties
African Union Commission Chair Meets Saudi Vice Foreign Minister to Deepen Strategic Cooperation
President El-Sisi Holds Strategic Talks with Saudi Crown Prince in Riyadh
Lucid Unveils Up to $12,000 Incentive for Air and Gravity Models in Saudi Arabia
Saudi Arabia Enters Global AI Partnership, Expanding Its Role in International Technology Governance
Saudi Arabia’s Landmark U.S. LNG Agreement Signals Major Strategic Shift
Saudi Arabia Accelerates Global Gaming Push with Billion-Dollar Deals and Expanded PIF Mandate
Saudi Arabia Reports $25.28 Billion Budget Deficit in Fourth Quarter of 2025
Alvarez & Marsal Tax Establishes Dedicated Pillar Two and Transfer Pricing Team in Saudi Arabia
United States Approves Over Fifteen Billion Dollars in Major Arms Sales to Israel and Saudi Arabia
Pre-Iftar Walks Gain Momentum as Ramadan Wellness Trend Spreads
Middle East Jackup Rig Fleet Contracts Further After Saudi Drilling Suspensions
Türkiye and Saudi Arabia Prepare to Sign Five Gigawatt Renewable Energy Deal at COP31
King Mohammed VI Congratulates Saudi Leadership on Founding Day, Reaffirming Strategic Ties
US Envoy Huckabee Clarifies Remarks on Israel After Expansionism Controversy
Saudi Arabia Introduces Limited Exceptions to Regional Headquarters Requirement for Foreign Firms
Saudi Arabia Joins Global Partnership on Artificial Intelligence, Elevating Its Role in Shaping AI Governance
Saudi Arabia and Arab States Mobilise Diplomatically After U.S. Envoy’s Israel Remarks
Cristiano Ronaldo Reaffirms His Commitment to Saudi Arabia Amid Transfer Speculation
Proposed US-Saudi Nuclear Deal Raises Questions Over Uranium Enrichment Provisions
Saudi Arabia Sends 81st Aid Flight to Gaza as Humanitarian Air Bridge Continues
Global Games Show Riyadh 2026 Positioned as Catalyst for Saudi Arabia’s Vision 2030
Saudi Arabia Eases Procurement Rules, Allowing Foreign Firms Greater Access to Government Contracts
Türkiye and Saudi Arabia Seal Two Billion Dollar Solar Energy Agreement
Saudi Crown Prince Reportedly Sends Letter to UAE Leader Over Yemen and Sudan Policies
Saudi Arabia Voices Concerns to UAE Over Sudan Conflict and Yemen Strategy
Saudi Arabia Joins Global Artificial Intelligence Alliance to Strengthen International Collaboration
Shura Island Positioned as Flagship of Saudi Arabia’s Ambitious Red Sea Tourism Drive
Saudi Arabia Rebukes Mike Huckabee Over Remarks in Tucker Carlson Interview
OpenAI CEO Sam Altman praises the rapid progress of Chinese tech companies.
Concerns Mount Over Potential Saudi Uranium Enrichment in Prospective US Nuclear Accord
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
Investability Emerges as the Defining Test of Saudi Arabia’s Next Market Phase
Saudi Arabia’s Packaging Market Accelerates as Sustainability and E-Commerce Drive Transformation
Saudi Arabia Unveils $32 Billion Push Into Theme Parks and Global Entertainment
Saudi Crude Exports to India Climb Sharply, Closing Gap With Russia
Saudi Arabia’s Halal Cosmetics Market Expands as Faith and Ethical Beauty Drive Growth
ImmunityBio Secures Saudi Partnerships to Launch Flagship Cancer Therapy
United Kingdom Denies U.S. Access to Military Base for Potential Iran Strike
Türkiye and Saudi Arabia Launch Expanded Renewable Energy Partnership
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
Mongolian Mining Family’s HK$247 Million Stanley Home Purchase Highlights Resilient Luxury Market
UK Intensifies Efforts to Secure Saudi Investment in Next-Generation Fighter Jet Programme
Saudi Arabia Tops Middle East Green Building Rankings with Record Growth in 2025
Qatar and Saudi Arabia Each Commit One Billion Dollars to President Trump’s ‘Board of Peace’ Initiative
Ramadan 2026 Prayer Times Set as Fasting Begins in Saudi Arabia and Egypt Announces Dates
Saudi Arabia Launches Ramadan 2026 Hotel Campaign to Boost Religious and Leisure Tourism
Saudi Arabia Seeks Reroute of Greece-Bound Fibre-Optic Cable Through Syria Instead of Israel
×