Qatar Airways Signs Historic $200B Jet Deal with Boeing
Qatar Airways Signs Historic $200B Jet Deal with Boeing

Qatar Airways Signs Historic $200B Jet Deal with Boeing

News summary

During President Donald Trump's visit to Doha, Qatar signed a historic $200 billion deal to purchase 160 jets from Boeing, marking the largest order in Boeing's history. The agreement was finalized in a ceremony attended by Trump, Qatar's Emir Tamim bin Hamad Al Thani, Boeing CEO Kelly Ortberg, and Qatar Airways CEO Badr Mohammed Al Meer, highlighting the strong economic ties between the U.S. and Qatar. This deal aligns with the Trump administration's broader strategy to encourage Middle Eastern nations, including Saudi Arabia, to invest heavily in U.S. manufacturing and infrastructure, with Saudi Arabia recently committing $600 billion in investments. Despite Trump's earlier criticism of Boeing's delays on Air Force One, Qatar has offered a luxury Boeing 747-8 as a new Air Force One, a gesture that has faced bipartisan scrutiny. The $200 billion jet purchase is seen as a politically timely boost for Boeing, whose stock has risen nearly 20% this year, and it includes options for further acquisitions. The deal underscores the deepening cooperation between the U.S. and Gulf countries on economic and strategic fronts amid ongoing regional and global geopolitical issues.

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