London Daily

Focus on the big picture.
Thursday, Apr 02, 2026

Qatar seals Boeing freighter deal with surprise 737 order

Qatar seals Boeing freighter deal with surprise 737 order

Qatar Airways handed Boeing Co (BA.N) a record launch order for 34 new 777X freighters and added at least 25 Boeing 737 MAX jets on Monday in a $30 billion-plus package during a Washington diplomatic visit, deepening U.S. economic links to the Gulf.

The deal is a boost for Boeing at a time when the U.S. planemaker is battling industrial and financial constraints, and reflects upheaval in the jet market after Qatar Airways engaged in a contractual and safety dispute with Europe's Airbus SE (AIR.PA).

Boeing shares rose almost 5% after the freighter order was unexpectedly topped up by an order for the Boeing 737 MAX. The deal was timed to coincide with a visit to Washington by Qatar's emir in which the United States hailed the Gulf state as a major ally.

That followed days of frantic negotiations after Airbus revoked an order for 50 competing A321neo aircraft as part of a heated dispute with Qatar Airways over flaws in a larger jet.

Qatar Airways Chief Executive Akbar Al Baker said negotiators had "lost a lot of sleep" in the intervening two weeks and took a swipe at Airbus.

"We like to build long-term relationships with trusted partners where both parties work together towards a common purpose," he told a White House signing ceremony attended by leaders from Boeing and engine maker General Electric Co .

Airbus declined comment.

The provisional order for up to 50 of the 737-10, the largest member of the MAX family, makes Monday's deal a potential 100-plane package including options for later add-ons. Reuters reported the 737 MAX deal earlier on Monday.

The cargo part of the deal represents the first order for a freighter version of the world's largest twin-engine passenger plane, the 777X, whose entry to service has been pushed back by more than three years to late 2023 or beyond.

Boeing is banking on sales of the huge freighter to shore up its leadership of the cargo market and head off a recent challenge from Airbus, with a freighter version of its A350.

"(The 777X) will be an absolute world-beater," Boeing Chief Executive Dave Calhoun said at Monday's signing ceremony.

ORDER CONVERSIONS


Boeing agreed to convert a third of Qatar's existing order for 60 777X passenger planes, for which there is currently less demand, to freighters in order to win the order.

Speaking on the sidelines of high-level meetings on energy security amid the Ukraine crisis, Al Baker trumpeted support for the U.S. economy from Qatar Airways, which has faced trade complaints from U.S. carriers over alleged subsidies.

"I am especially pleased that the aircraft order will further emphasise Qatar Airways' support for the U.S. economy and U.S. jobs," he said.

For Boeing, the deal marks a respite from a recent safety crisis over the MAX and delays with the 777X passenger jet and 787 Dreamliner, and a chance to win points for its own economic contribution after intense regulatory and political scrutiny.

Boeing said the freighter order would sustain more than 35,000 U.S. jobs with an annual economic impact of $2.6 billion.

Boeing has dominated air freight for years through its 767, 777 and 747 cargo jets, though it will be urgently pressing for more orders for the new freighter flagship.

About half of global cargo by value travels by air, and in turn half of that usually goes in the belly of passenger planes.

During the pandemic, many airlines have been forced to park unused passenger jets, driving up demand for cargo space on dedicated freighters at a time when e-commerce has been a lifeline for many during COVID-19 lockdowns.

But economists warn the trends could start to unravel as the pandemic eases.

Newsletter

Related Articles

0:00
0:00
Close
Trump’s Strategic Pressure on UK Seen as Push for Stronger Alignment and Fairer Terms
UK Focuses on Trade Finance to Secure Critical Materials for Defence and Energy Sectors
Majority of UK Businesses Hit by Middle East Conflict While Confidence Holds Firm
UK Royal Navy Faces Renewed Scrutiny as Debate Intensifies Over Capability and Readiness
Reform UK Faces Mounting Distractions as Policy Agenda Struggles to Gain Traction
Investigation Launched Into Northern Cyprus IVF Clinics After UK Families Receive Incorrect Sperm
International Meeting Issues Unified Call to Safeguard Navigation Through Strait of Hormuz
Potential Strait of Hormuz Closure Raises Concerns Over UK Food and Medicine Supply Chains
UK Leads Coalition of Over Forty Nations Urging Iran to Reopen Strait of Hormuz
UK Secures Tariff-Free Access for Medicines in Landmark US Pharma Trade Agreement
King Charles III Invited to Address Joint Session of U.S. Congress in Rare Diplomatic Honor
Debate Grows Over Whether Expanded North Sea Drilling Can Reduce UK Energy Bills
UK Faces Heightened Risk of Jet Fuel Shortages, Airline Chief Warns
UK Ends Police Investigations into Lawful Social Media Posts After Review Finds Overreach
Abramovich Moves to Establish Charity for Frozen Chelsea Sale Proceeds Amid UK Dispute
Starmer Reaffirms NATO Commitment While Responding to Trump’s Strategic Critique
UK Aid Reductions Raise Fears of Severe Human Impact Across Parts of Africa
UK Signals Renewed Push for EU Cooperation as Iran Conflict Reshapes Security Landscape
Bank of England Signals Caution as Bailey Advises Markets Against Expecting Rate Hikes
UK to Convene Global Coalition to Restore Shipping Through Strait of Hormuz
Trump Signals Possible NATO Reassessment, Emphasizes Stronger U.S. Strategic Autonomy
Australia Joins British-Led Efforts to Reopen Strait of Hormuz Amid Escalating Tensions
King Charles Plans US State Visit as UK Strengthens Ties with Trump Leadership
UK Regulator Launches Investigation Into Microsoft’s Business Software Practices
Kanye West Set for High-Profile Return to UK Stage at Wireless Festival
Trump Presses Europe to Strengthen Commitment as Iran Conflict Escalates
UK to Deploy Additional Troops to Middle East Amid Rising Regional Tensions
UK Authorities Face Claims of Heavy-Handed Measures in Monitoring Released Pro-Palestine Activists
Trump Calls on UK to Secure Its Own Energy as Iran Conflict Intensifies
Nigel Farage Declines Invitation to UK Conservative Conference Led by Liz Truss
Trump Warns Allies to Take Responsibility as Rift Deepens with UK and France Over Iran Conflict
How Britain’s Prime Minister Controls U.S. Bomber Access in Escalating Iran Conflict
Trump Urges Allies to Secure Their Own Oil Supplies as Hormuz Crisis Disrupts Global Energy
Russia Expels British Diplomat as UK Pushes Back Against Pressure
White House App Faces Scrutiny After Claims of Continuous User Location Tracking
BBC Faces Scrutiny Over Allegations of Paid Content Linked to Saudi Arabia
UK-France Coastal Patrol Agreement Nears Breakdown Amid Migration Pressures
UK Police Detain Pro-Palestine Activist Again Weeks After Bail Release
FTSE 100 Advances as Energy and Mining Shares Gain Amid Middle East Tensions
Eli Lilly Seeks UK Pricing Deal to Unlock Renewed Pharmaceutical Investment
Three Arrested in UK After Massive Cocaine Haul Discovered Hidden in Banana Shipment
UK Fuel Prices Poised for Further Surge Amid Global Energy Pressures
Apple Subsidiary Penalized by UK Authorities for Breach of Moscow Sanctions
Western Allies Intensify Coordinated Sanctions Strategy Against Russia
UK Lawmakers Face Criticism Over Renewed Push for Social Media Restrictions
Starmer Signals UK Crackdown on Addictive Social Media Features
Rising Costs Push One in Five UK Hospitality Businesses to the Brink of Closure
Man Arrested on Suspicion of Attempted Murder After Car Strikes Pedestrians in UK, Injuring Seven
Escalating Conflict Involving Iran Tightens Fiscal Pressures and Highlights UK Economic Vulnerabilities
UK Moves to Confront Russian ‘Shadow Fleet’ Operating in Its Waters
×