Qatar Airways Nears Deal with Boeing for 30 Wide-Body Jets

qatar-777Qatar Airways is moving closer to an order from Boeing Airplanes for at least 30 wide-body jets, according to a report by Reuters.

Qatar Airways CEO Akbar Al Baker in August said his company planned to complete a “large” aircraft purchase. And if Qatar Airways ultimately selects BA for its aircraft purchase, both Qatar Airways and BA could reap the benefits of a new agreement.

Qatar Airways already features a fleet that includes 100 BA 777X models, and a new agreement with BA may enable the airline to bolster its worldwide network.

In addition, Reuters reported Qatar Airways may purchase BA 787 Dreamliner and 777 models—something that could help BA map out its long-term business strategy.

Al Baker recently has threatened to switch an order for 48 Airbus A320neo family planes to Boeing 737 Max jets. He also refused a delivery of Airbus narrow-body aircraft due to an engine cooling problem.

The relationship between Qatar Airways and Airbus is “very strained,” according to Al Baker. In fact, Al Baker told Reuters that “what’s happening at Airbus with the deliveries is seriously affecting [his company’s] growth.”

Source: investopedia.com

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