Freight Qatar Airways signs LoI for Boeing 777 Freighters

The deal is valued at $1.7 billion at list prices. The letter of intent was signed during a ceremony attended by Qatari Minister of Finance and Qatar Airways Chairman His Excellency Mr. Ali Sharif Al Emadi, Qatar Airways Group Chief Executive His Excellency Mr. Akbar Al Baker, Boeing Commercial Airplanes President & CEO Kevin McAllister.

"The addition of five 777 Freighters is a significant moment for our cargo division," said His Excellency Mr. Al Baker. "As the world's third-largest cargo operator, Qatar Airways continues to invest in fleet expansion. This transaction will be a reinforcement of our confidence in Boeing to continue to deliver an outstanding product that meets our exacting standards. We expect no less than perfection, and we are confident that Boeing will continue to deliver that."

The 777 Freighter is capable of flying 4,900 nautical miles (9,070 kilometers) with a payload of 112 tons (102 metric tonnes or 102,000 kg).

Qatar Airways Cargo currently operates a fleet of eight Airbus A330-200F, two Boeing 747-8F and thirteen Boeing 777 Freighters. According to its website, Qatar Airways Cargo is the world’s third largest cargo carrier, serving over 60 exclusive cargo destinations.