Qatar Airways to Finalize Major Jet Purchase from Boeing

Published 4 hours agoBA

Qatar Airways to Finalize Major Jet Purchase from Boeing

Qatar Airways is on the verge of announcing a major purchase agreement for approximately 100 widebody jets with Boeing, with an option for an additional 100 planes. This significant deal is set to be publicized in conjunction with U.S. President Donald Trump's upcoming Middle East tour, which includes stops in Saudi Arabia, Qatar, and the United Arab Emirates. The move highlights the fierce competition among Middle Eastern airlines to secure valuable contracts ahead of the high-profile visit. Reuters reported that both Qatar Airways and Boeing have declined to comment on the emerging news.

Boeing, a prominent player in the aerospace sector, has seen its stock trading at around 185.75 USD recently, with a slight decline of 0.71 USD from the previous closing price. The daily trading activity for Boeing showcased an intraday high of 186.2 USD and a low of 183.62 USD, with a trading volume exceeding 3.3 million shares. These figures reflect the market's active engagement with Boeing amid reports of the upcoming deal.

The impending agreement with Qatar Airways is vital for Boeing, as it continues to strengthen its position in the competitive aviation industry. While both companies have refrained from making official statements, the potential acquisition underscores Boeing's strategic endeavors in expanding its footprint in the Middle Eastern market alongside its long-standing business relationships.

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