Posted on April 07, 2011

Qatar Airways yesterday signed an agreement to buy five long-haul Boeing 777s aircraft in a deal worth $1.4bn at list prices, the companies announced.

The fast-growing national carrier ordered three 777 Freighters and two 777-300ERs as it rapidly builds a fleet dominated by aircraft from Boeing and European rival Airbus. The announcement was made during a New York forum on business and investment in Qatar in the presence of the Prime Minister and Foreign Minister H E Sheikh Hamad bin Jassem bin Jabor Al ThaniThe agreement was signed by Akbar Al Baker, Qatar Airways’ Chief Executive Officer and Tony Valentine, Sales Director of Boeing Commercial Airplanes. “Qatar Airways has made a significant commitment to the 777, an aeroplane which has become the flagship of our fleet,” said Al Baker, chief executive of the carrier.

“The capacity of the Boeing 777 Freighter is unrivalled and its economics make it an attractive addition to our fleet,” he said, noting the additional cargo capacity helps put the carrier in a stronger position to take advantage of “phenomenal” growth in Qatar and the region. Qatar Airways currently operates eight ultra-long range 777-200LR, 15 777-300ERs and two long-range 777 freighters.