Latest news with #777-9
Yahoo
29-05-2025
- Business
- Yahoo
Boeing aims to certify 737 MAX variants by year-end, CEO tells Aviation Week
SEATTLE (Reuters) -Boeing expects to finish certification of its best-selling 737 MAX family by the end of the year, CEO Kelly Ortberg said in an interview with trade publication Aviation Week published on Wednesday. The company has been trying for several years to gain certification for the smallest and largest MAX variants from the U.S. Federal Aviation Administration. The MAX 7 and MAX 10 have been delayed in part due to concerns with the engine de-icing system. Ortberg told Aviation Week that the U.S. planemaker hopes to finish certification this year, clearing the way to start deliveries of the MAX 7 and MAX 10, "two airplanes that are very, very important to our customers and our backlog.' Boeing's backlog includes nearly 1,200 orders for the 737 MAX 10 and 332 orders for the MAX 7. United Airlines Chief Commercial Officer Andrew Nocella this month told reporters that the company does not expect to take delivery of MAX 10s until 2027 at the earliest. Alaska Airlines officials have said they do not expect to receive the variant until at least mid-2026. Ortberg also said in the Aviation Week interview that Boeing was making progress on certifying the 777-9, the company's largest jetliner in production. When the program was announced in 2013, Boeing planned to start deliveries in 2020. However, it is still in flight testing. Ortberg has previously said publicly that he expects deliveries to start next year. Boeing has 419 orders for the 777-9, according to its website.
Yahoo
19-05-2025
- Business
- Yahoo
Boeing, GE and Trump's Middle East trip to remember
President Donald Trump is getting high marks for his diplomacy during his Middle East visit, but it's his wheeling and dealing for Boeing and GE Aerospace that left investors cheering. Boeing shares tacked on 5.6% this week, while GE added nearly 8% after Qatar Airways announced an order of 210 widebody jets, the largest ever for America's plane maker, valued at $96 billion, according to the White House. In an expanded deal with Qatar, GE will provide 400 engines to power Boeing's 777-9 and 787 aircraft. Air Force One Vs. Qatar's Plane Gift To Trump For Boeing investors, the deal more than steadies the plane maker, which has been marred by controversy over quality, safety and production lapses. "Let the good times roll," Jefferies analyst Sheila Kahyaoglu wrote in a May 14 research note, reported by Seeking Alpha. "Boeing is largely sold out for the next couple of years and, in some instances, into the end of the decade," she added. Read On The Fox Business App Trump's Overweight Friend Helped Shape Policy To Cut Drug Prices Boeing CEO Kelly Ortberg, who took over in August and accompanied Trump on his trip, highlighted the deal, which will create 400,000 jobs. "All of these aircraft will be built in the United States, creating a significant number of jobs," Ortberg said. GE Aerospace CEO Larry Culp, who was also on the trip, discussed the specifics of the order as Boeing's exclusive engine provider. "Our GE NX, which powers the 787, the fastest-selling high thrust engine in history, and our new 9X will power the 777X, which will be the largest commercial engine in the world" he noted. The majority of analysts are bullish on both stocks, as tracked by ThomsonOne. Of the 29 who cover Boeing, 20 rate the shares a buy or strong buy compared to eight who rate them as a hold and one a sell. GE Aerospace has a similar profile. Nineteen of the 21 analysts rated the shares a buy or strong buy with one sell rating. Both stocks are outperforming the S&P 500, which is now up 1% this year, recovering from tariff-driven volatility. Boeing shares have gained nearly 20% this year. While shares of General Electric, parent of GE Aerospace, have gained 37%. After this blockbuster Qatar deal, the two companies secured $14.5 billion from Abu Dhabi's Etihad Airways for the 787 and 777X, the White House announced. How Boeing Bungled Air Force One Contract While shilling for Boeing, Trump did give the company a jab over its delay of Air Force One, which encouraged the president to accept a gift of a $400 million used 747 jet from Qatar. "They are very late with the plane," Trump told Fox News' Sean Hannity. During his weeklong trip Trump secured over $2 trillion in deals from Middle East allies. The White House said that included a "$600 billion investment commitment from Saudi Arabia, a $1.2 trillion economic exchange agreement with Qatar, $243.5 billion in U.S.-Qatar commercial and defense deals and $200 billion in U.S.-United Arab Emirates commercial deals."Original article source: Boeing, GE and Trump's Middle East trip to remember Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Travel Daily News
16-05-2025
- Business
- Travel Daily News
Qatar Airways makes historic order deals
Boeing agreement with Qatar Airways is up to 210 aircraft; 130 787 Dreamliners setting the record as the largest Dreamliner order, and 30 777-9 aircraft, plus 50 option Boeing 787 and 777-9 aircraft. DOHA, QATAR – Qatar Airways announced that the carrier has placed the largest aircraft order in its history with manufacturing partner Boeing. As part of its strategic fleet growth plan, the landmark order includes up to 210 Boeing widebody jets – 160 firm and 50 option – which is the largest widebody order and the largest 787 Dreamliner order in the American aerospace company's history. Qatar Airways has also signed an agreement GE Aerospace for more than 400 engines, including 60 GE9X and 260 GEnx engines, with additional options and spares, to power its next-generation Boeing 777-9 and Boeing 787 aircraft – the largest widebody engine purchase in the history of GE Aerospace. An industry leader, Qatar Airways has been named World's Best Airline by Skytrax for an unprecedented eight times, and is further investing in its fleet as part of its long-term growth strategy. Qatar Airways' Historic Boeing Widebody Order Qatar Airways Group Chief Executive Officer Engr. Badr Mohammed Al-Meer said: 'We are happy to announce our agreement with Boeing and our partnership in the largest widebody aircraft order in Boeing's history and the biggest aircraft order in our history. This is a critical next step for Qatar Airways on our path as we invest in the cleanest, youngest and most efficient fleet in global aviation. This is so we can meet the strong demand in the airline as we seamlessly connect passengers to the world better than anyone.' He continued: 'After two consecutive years of record-breaking commercial performance and with this historic Boeing aircraft order – we're not simply chasing scale; we're building strength that will allow us to continue to deliver our unmatched products and customer experiences. We thank our partners at Boeing for answering the call and look forward to a future of continued smart growth together.' The order includes: 130 787 Dreamliners, the long-range, ultra-efficient widebody airplane family that has delivered a 25% fuel-use improvement and superior comfort for passengers. 30 777-9s, the world's largest twin-engine airplane that is designed to set new standards in efficiency by reducing fuel use and emissions by 25% compared to the airplanes it replaces, while elevating the passenger flight experience. Options for an additional 50 787 and 777X airplanes. Boeing Commercial Airplanes President and CEO, Stephanie Pope, said: 'We are deeply honoured that Qatar Airways has placed this record-breaking order with Boeing, one that solidifies their future fleet with our market-leading widebody airplane family at its centre. Our team is looking forward to building 787s and 777s for Qatar Airways into the next decade as they connect more people and businesses around the world with unmatched efficiency and comfort.' Qatar Airways currently operates more than 150 Boeing airplanes, including 777 and 787 passenger jets and 777 Freighters. With this new purchase, Qatar Airways will become the largest Dreamliner operator in the Middle East. Qatar Airways' Largest Widebody Engine Deal in GE Aerospace History The new GE Aerospace agreements solidify the company's commitment to Qatar's thriving aviation industry and build on the previous order for 188 GE9X engines, bringing the total to 248 engines. The addition of GEnx engines for the Boeing 787 fleet supplements their existing 124 engine order, further strengthening the national carrier's commitment to efficiency and performance. The two deals also include service agreements to cover the maintenance, repair, and overhaul of the GEnx and GE9X engines. Qatar Airways Group Chief Executive Officer Engr. Badr Mohammed Al-Meer, said: 'Our latest agreement with GE Aerospace reflects our confidence in the performance of the GE9X and GEnx engines to power our fleet of Boeing 777-9 and 787 aircraft. These next-generation engines are critical components in our strategy to ensure our fleet remains modern and efficient. Qatar Airways has ambitious plans for the future, and we value our continued partnership with GE Aerospace and their commitment to supporting our operational needs.' GE Aerospace Chairman and CEO, H. Lawrence Culp, Jr., said: 'We are extremely honoured to deepen our relationship with Qatar Airways and grateful to them for placing their trust in us with our largest ever widebody engine deal. Our widebody engines – the GE9X and GEnx – are marvels of modern engineering, with the durability and reliability to power flight across the longest distances. We appreciate President Trump's support for this historic agreement.' Qatar Airways has one of the most modern fleets in the industry and these historic orders with Boeing and GE Aerospace will solidify that leadership for years to come.
Express Tribune
15-05-2025
- Business
- Express Tribune
Qatar Boeing deal: Boeing lands record $96 billion jet-deal during Trump's visit
Boeing has secured the largest aircraft deal in its history, signing a $96 billion agreement with Qatar Airways during US President Donald Trump's high-profile visit to Doha. The White House hailed the moment as a 'historic' commercial victory, with Trump appearing alongside Qatar's Emir Tamim bin Hamad Al Thani and Boeing CEO Kelly Ortberg at the signing ceremony on Wednesday. The deal includes confirmed orders for 130 Boeing '787 Dreamliners' and 30 '777-9' aircraft, with options for an additional 50 widebody jets. All planes will be built in the US, powered by GE Aerospace engines. .@QatarAirways and Boeing announced a historic order for up to 210 widebody airplanes, setting records for Boeing's largest widebody and 787 Dreamliner orders and largest-ever order for the airline. The deal supports nearly 400,000 U.S. jobs. Release: — Boeing Airplanes (@BoeingAirplanes) May 14, 2025 'This record-breaking order cements Boeing's future with Qatar Airways at the heart of their fleet strategy,' said Stephanie Pope, president and CEO of Boeing Commercial Airplanes. The agreement is part of a broader $243 billion economic package signed between the US and Qatar during Trump's visit, which also included defence and aviation contracts. The timing of the Boeing announcement is politically notable. U.S. President Donald J. Trump and H.H. Sheikh Tamim bin Hamad Al Thani Amir of the State of Qatar joined Boeing President and CEO Kelly Ortberg and Qatar Airways Group CEO Engr. Badr Mohammed Al-Meer for the signing. — Boeing Airplanes (@BoeingAirplanes) May 14, 2025 The company has previously faced criticism from Trump, particularly over delays and cost overruns related to the Air Force One programme. That programme is now expected to deliver new jets by 2027, before the end of Trump's second term. Boeing's resurgence follows a turbulent period marked by supply chain disruptions, worker strikes, and aviation mishaps. Last year, a door plug failure on an Alaska Airlines 737 Max derailed investor confidence, and total aircraft deliveries plummeted by 34%. Yet, in just the past week, Boeing has locked in major international orders — including a 30-jet sale to British Airways' parent company IAG and a separate order from Saudi Arabia's AviLease for 737-8s. China has also reportedly lifted its informal ban on Boeing aircraft purchases after a new trade understanding with the Trump administration. Still, some controversy surrounds the Qatar deal. The potential use of one of the new Boeing 747-8 jets as Air Force One — which Trump has suggested may be donated to his presidential library — has drawn bipartisan scrutiny over perceived favouritism. Qatar's prime minister brushed aside concerns, calling the sale 'a government-to-government transaction.' As Trump's delegation continues its Middle East tour, Boeing is clearly emerging as a centrepiece of the president's ambitious trade agenda — whether by design or fortunate timing.
Ya Libnan
14-05-2025
- Business
- Ya Libnan
Boeing inks record-breaking deal for Qatar Airways to buy up to 210 planes
KEY POINTS U.S. President Donald Trump, Qatar's Emir Tamim bin Hamad Al Thani and Boeing CEO Kelly Ortberg attend a signing ceremony in Doha, Qatar, on May 14, 2025. Boeing and Qatar Airways on Wednesday announced a deal for the Middle Eastern airline to buy up to 210 jets, notching the U.S. planemaker's largest-ever order of widebody aircraft. The order — the biggest in Qatar Airways' history — includes 130 of Boeing's 787 Dreamliners and 30 of its much-delayed 777-9s, with options for up to 50 more planes, the companies said in a press release. Qatar Airways also signed an agreement with GE Aerospace for more than 400 engines to power the Boeing planes, those companies said in another joint release. The purchase of widebody aircraft engines is the largest in GE Aerospace's history, according to the release. Boeing and Qatar Airways struck the agreement during President Donald Trump 's state visit with the emir of Qatar, part of the president's four-day tour of the Middle East. Boeing CEO Kelly Ortberg appeared alongside Trump at the Amiri Diwan in Doha for the signing ceremony. 'This is a critical next step for Qatar Airways on our path as we invest in the cleanest, youngest and most efficient fleet in global aviation,' Qatar Airways CEO Badr Mohammed Al-Meer said in a statement. 'This is so we can meet the strong demand in the airline as we seamlessly connect passengers to the world better than anyone.' Boeing Commercial Airplanes CEO Stephanie Pope said the 'record-breaking order' with Qatar Airways 'solidifies their future fleet with our market-leading widebody airplane family at its center.' The 426-seat, twin-engine 777-9 is part of Boeing's 777X series, which has yet to produce any deliveries and has still not been certified by the Federal Aviation Administration. The White House earlier Wednesday valued the plane deal at $96 billion, and said it will support 154,000 U.S. jobs annually and more than one million domestic jobs in total. Boeing and Qatar Airways, however, said the deal will result in roughly 400,000 jobs in the U.S. Boeing's website says it currently employs around 170,000 people globally. 'It's the largest order of jets in the history of Boeing,' Trump said after Ortberg signed the agreement at the Amiri Diwan. The deal could be a boon for Boeing, which has not posted a profit since 2018. The plane maker has been beset by major safety concerns, manufacturing defects, cost overruns and a nearly two-month-long machinist strike last year. Its business dealings have also been disrupted by Trump's trade war. China stopped accepting deliveries of Boeing planes to its airlines in response to U.S. tariffs, Ortberg said last month. But the company has recently narrowed its losses as it addresses a backlog worth more than $500 billion, Ortberg said in Boeing's first-quarter earnings call. 'This is great news for South Carolina and Boeing,' said Sen. Lindsey Graham, R-S.C., calling the deal 'a gamechanger.' Graham's office said the new planes will be assembled at Boeing's Charleston facility. The deal announced Wednesday would nearly double Qatar Airways' fleet of 233 aircraft, according to its website. It could also draw more scrutiny toward Trump's acceptance, and defense, of Qatar's offer to gift the U.S. a luxury 747 jet that will act as the new Air Force One. Democrats have blasted the move as corrupt and unconstitutional, and some of Trump's Republican allies in government and media have also expressed unease. CNBC/ Reuters
