Meanwhile, Boeing has booked its largest-ever $96 billion (€85.8 billion) aircraft order with Qatar Airways. This development is a significant breakthrough amid President Donald Trump’s trip to Qatar. We were all so grateful that President Trump attended the signing ceremony. He emphasized how important this agreement is to their continuing efforts to build relationships between the United States and the Gulf countries.
The deal further underscores Boeing’s unrivaled power in the aerospace industry and cements its continued focus on American manufacturing. Boeing completed a huge $4.8 billion (€4.3 billion) deal. Specifically, they signed an MoU to deliver 737-8 MAX jets to AviLease, a new Saudi Arabia-based aircraft lessor. In the day after these announcements, Boeing’s stock price increased 2%, setting a new 52-week high.
A Record-Breaking Order
The Qatar Airways order of $96 billion is Boeing’s biggest single aircraft deal ever, by value. This gargantuan agreement comes at a time when Boeing is reeling from the impacts of the US-China trade war. Those tensions were responsible for stopped orders from China last month in April.
For Boeing—America’s largest exporter—this deal could not come at a better time. They project it will generate close to 400,000 new jobs nationwide. The company has had a hard time staying in the black since 2018. Once reciprocal tariffs were imposed by President Trump, its stock price tumbled.
We are excited to strengthen our relationship with Boeing in the years to come,” said Qatar Airways CEO Engr. In that context, he underscored the historical significance of the deal in his comments.
“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 delivering unmatched products and customer experiences.” – Engr. Badr Mohammed Al-Meer
Strengthening International Relations
The signing of this deal comes at the time of President Trump’s larger strategy to strengthen relationships with Gulf countries. Following the Qatar agreement, Trump plans to visit the United Arab Emirates (UAE), where further discussions may lead to additional Boeing contracts with Emirates, a key competitor of Qatar Airways.
The White House heralded the deals as critical to fueling new waves of innovation and economic prosperity for decades to come. These historic agreements have the potential to do marvelous things for American manufacturing. In fact, they are uniquely positioned to reinforce the United States’ global technological leadership.
“The landmark deals celebrated today will drive innovation and prosperity for generations, bolster American manufacturing and technological leadership, and put America on the path to a new Golden Age.” – The White House
Future Prospects
In fact, the deal has already brought Boeing and Qatar Airways together for the next decade. Together, they’ll shift production towards the 787s and 777s. Working together, this partnership will improve connectivity opportunities for citizens and businesses around the globe with unparalleled efficiency and convenience.
Engr. Badr Mohammed Al-Meer reiterated the excitement surrounding this venture, emphasizing their commitment to growth and improvement in customer experiences.
“We thank our Boeing partners for answering the call and look forward to a future of continued smart growth together. Our team is excited to build 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.” – Engr. Badr Mohammed Al-Meer
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