Qatar Airways and Boeing announced a firm order for 10 777-8Xs and four 777 Freighters on the opening day of the 2015 Paris Airshow.
The order is valued at $4.8 billion at current list prices.
“Acquiring technologically-advanced airplanes such as the 777X is integral to our expansion strategy,” said His Excellency Mr. Akbar Al Baker, GCEO of Qatar Airways. “With the addition of these 777-8X to the 50 777-9X already on order, we are confident of continuing the tremendous legacy of the 777.
“The order for four 777 Freighters underpins the value that this airplane has also brought to our rapidly growing cargo operations. Qatar Airways Cargo is an integral part of the Qatar Airways Group and we look forward to enhancing the existing fleet with next-generation aircraft,” added Mr. Al Baker.
In attendance at today’s press conference at the Paris Air Show in Le Bourget, was The Minister of Finance for the State of Qatar and Chairman of Qatar Airways, His Excellency Ali Shareef Al Emadi and His Excellency Sheikh Abdullah bin Mohammed bin Saud Al-Thani, Chairman of Qatar Investment Authority.
Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker addresses the media at a joint press conference held on the opening day of the 2015 Paris Airshow.
Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker (third left), is joined by the Minister of Finance for the State of Qatar and Chairman of Qatar Airways, His Excellency Ali Shareef Al Emadi (fourth left), Chairman of Qatar Investment Authority, His Excellency Sheikh Abdullah bin Mohammed bin Saud Al-Thani (third right) and Boeing Commercial Airplanes President and CEO, Ray Conner (second right), at a joint press conference on the opening day of the 2015 Paris Airshow.
The 777X builds on the passenger-preferred and market-leading 777, as well as offering more market coverage and revenue capability than the competition. The 777X will include new engines, an all-new composite wing and will leverage technologies from the 787 Dreamliner. The 777X family includes the 777-8X and the 777-9X – both designed to respond to market needs and customer preferences.
The 777-9X will be 12 percent more fuel efficient than the competition, necessary in today’s competitive environment. The 777-8X is five percent more efficient than its competitor at all ranges while providing for new network opportunities. Design of the 777X is underway and production is set to begin in 2017, with first delivery targeted for 2020. With this order, the 777X has accumulated 320 orders and commitments from six customers worldwide.
Boeing is the undisputed air cargo market leader, providing over 90 percent of the total worldwide dedicated freighter capacity. The 777 Freighter is capable of flying 4,900 nautical miles (9,070 km) with a full payload and general cargo market densities, making it the world’s longest-range twin-engine freighter. The airplane’s range capability translates into significant savings for cargo operators: fewer stops and associated landing fees, less congestion at transfer hubs, lower cargo handling costs and shorter cargo delivery times.
“The order for an additional 10 777Xs is a further endorsement by Qatar Airways of the airplane which enjoyed the largest product launch in commercial jetliner history,” said Boeing Commercial Airplanes President and CEO Ray Conner. “We are also very proud that Qatar Airways continues to expand its cargo operations with the 777 Freighter. We look forward to continuing to grow and strengthen our partnership with Qatar Airways well into the future.”