Boeing lands big 777x order at Farnborough Air Show

Boeing lands big 777x order at Farnborough Air Show
Boeing image of the 777X
FARNBOROUGH, England - Boeing Co. has just landed the biggest product launch purchase in aviation history for its 777x aircraft, as orders keep coming in at the Farnborough Air Show in England.

Qatar Airlines has stepped up and ordered 50 Boeing 777x jetliners valued at nearly $19 billion, plus the rights to buy another 50 of the new wide-body jets, pushing the total to about $38 billion.

Akbar Al Baker, CEO of Qatar Airways, says the Boeing 777 "is the backbone of our fleet."

"We look forward to building on our legacy with the next-generation 777-9X," he said.

Boeing Commercial Airplanes president and CEO Ray Conner says the sizeable order is a big endorsement for the new jet.

"These orders validate the market-leading role that the 777 and now the 777X will continue to play in the Middle East's passenger and cargo market," Conner said.

Qatar Airways also announced its intent to order four 777 freighters and options for four more, with a combined value of $2.4 billion at list prices.

Boeing also is racking up orders for other aircraft at the Farnborough Air Show:

• Hainan Airlines says it is working toward a purchase agreement for 50 737MAX-8s, reaffirming the Chinese airline's preference for an all-Boeing single-aisle fleet. The commitment, valued at more than $5.1 billion at current list prices, will be subject to the approval of the Chinese government.

• Boeing and MG Aviation Limited finalized an order for two additional 787-9 Dreamliners, valued at $499 million at current list prices. The order will support the leasing company's growing fleet of modern airplanes.