Boeing, Qatar Airways ink LOI for 777 freighters

Boeing [NYSE: BA] and Qatar Airways have signed a letter of intent to purchase five 777 Freighters, valued at USD 1.7 billion at list prices, the companies said.

When a purchase is finalized, it will be posted to Boeing´s Orders and Deliveries website.

Qatar Airways currently operates a fleet of nearly 100 Boeing widebody airplanes and has about 100 more Boeing airplanes on order.

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). The airplane´s long range translates into significant savings as fewer stops mean lower landing fees, less congestion, lower cargo handling costs and shorter delivery times.

Boeing is the air cargo market leader, providing over 90 percent of the dedicated freighter capacity around the world.

Qatar Airways Cargo, the world´s third largest international cargo carrier, serves 60 exclusive freighter destinations worldwide via its world-class Doha hub and also delivers freight to more than 150 key business and leisure destinations globally with 200 aircraft. The Qatar Airways Cargo fleet includes eight Airbus A330 freighters, two Boeing 747-8 freighters and 13 Boeing 777 freighters.