Boeing Marks Comeback From Crisis
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Boeing has secured a deal with Qatar for up to 210 jets in what the White House is calling the aircraft makers’s “largest-ever” widebody order worth $96 billion dollars.
Boeing scored the biggest aircraft sale in its history in a deal announced yesterday by President Trump. Qatar Airways is buying up to 210 Boeing 787 Dreamliner and 777X aircraft, all made in the U.S. with GE Aerospace engines, the White House announced.
The White House announced that President Donald Trump secured economic exchanges with Qatar worth $1.2 trillion, a figure which includes a historic order for Boeing airliners.
Boeing stock surged in pre-market trading Thursday, reaching $208.11—up 1.66%—as momentum builds from a historic aircraft order with Qatar and the lifting of a delivery ban by China. The aerospace giant’s shares closed Wednesday at $204.72, marking a new 52-week high.
Aboard Air Force One, Trump lamented to Fox News host Sean Hannity of the U.S. government plane's comparative old age of 40 years and lackluster appearance next to Qatar's, Saudi Arabia's and the United Arab Emirates' "brand new Boeing 747s."
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Boeing secured major orders in the Middle East during a visit to the region by President Trump, and China lifted a ban on its airlines taking deliveries of Boeing planes.
Qatar Airways committed to acquiring as many as 210 widebody jets in a deal projected to be worth $96 billion, supporting over 150,000 jobs.
Qatar Airways places record-breaking order for 210 Boeing jets, boosting U.S. jobs and expanding its global fleet of fuel-efficient widebody aircraft.
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