Qatar signed a significant deal with Boeing during President Donald Trump’s visit to the Gulf Arab country.
According to Trump, the agreement is worth $200 billion and includes the purchase of 160 jets for Qatar Airways. The deal was finalized in a ceremony witnessed by Trump and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani in Doha.
This deal marks another milestone in Trump’s Middle East tour, following a string of agreements with Saudi Arabia on Tuesday.
Boeing CEO Kelly Ortberg signed the deal with Qatar Airways CEO Badr Mohammed Al-Meer in the presence of Trump and the Qatari emir. Ortberg reportedly told Trump that this is the largest order of jets in Boeing’s history, to which Trump responded enthusiastically, “It’s over $200 billion but 160 in terms of the jets, that’s fantastic”.
The specifics of the deal, including the aircraft models and whether the orders are firm or options, remain unclear. However, if the deal involves Boeing’s 777X, its most expensive jet, a deal for 160 aircraft would be worth approximately $70 billion based on catalogue prices. Aviation analysts note that airlines typically receive large discounts for bulk deals, which might affect the final value of the agreement.
Boeing and Qatar Airways were not immediately available for comment to clarify the details of the deal. Nonetheless, this agreement highlights the strengthening economic ties between Qatar and the US, with Trump emphasizing the significance of the deal for Boeing.
Qatar signed a deal on Wednesday to purchase jets from U.S. manufacturer Boeing for Qatar Airways during President Donald Trump’s visit to the Gulf Arab country.
Trump said the deal was worth $200 billion and included 160 jets. Trump and Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani witnessed the signing ceremony in Doha.
