Later Boeing Co. Through deep executive infiltration and the long existential crisis, the American Planemaker company just fell, which prompted strong support from President Donald Trump.
CEO Kelly Ordraj has signed an agreement of up to 210 wide aircraft from Qatar Airways, including 787 Dreamliner and the larger 777X model with engines General Electric A company, at a ceremony in Trump and the Emir of Qatar on Wednesday. The White House said that the deal is of 96 billion dollars, although customers usually negotiate with highly slope discounts.
The advertisement in the marble halls sent in the Qatari Royal Court gave both parties to the attendees a big victory: Trump on a mission to the Persian Gulf to withdraw trillion dollars from commercial agreements to display the segments of deals. Qatar and the airline bearing the same name are flowing on its relationship with the United States by supporting the largest source of the country. Boeing walks with something that extends his dominance in an area that was a major buyer of its most expensive aircraft.
On Wednesday, an order will witness that Qatar buys 130 787 Dreamlins and 30 777X aircraft, with an option to take 50 additional petitions of any kind, according to the persons familiar with the agreement. GE Aerospace said the agreement includes more than 400 engineers in its largest deal for large -scale turbine.
The White House did not provide full details about the agreement, and Qatar Airways and Boeing refused to comment.
Ortberg accompanied Trump on his tour to the region, including his first stop in the Kingdom of Saudi Arabia on Tuesday, where Boeing also won a smaller commitment of $ 4.8 billion for aircraft from the country’s sovereign wealth fund. Trump congratulated Ordag after signing the distant domain deal, and reached the agreement as a record that would help secure jobs at home.
The relationship of the two men was not always easy. Trump was frankly erred by Boeing because of his delay in providing two new air presidential aircraft, which was requested during his first term in his post. Ordrag said that Boeing has found ways to accelerate the program, which exceeds years.
He commented the issue of the late presidential plane during Trump’s flight, after he confirmed that he was considering accepting Boeing 747-8 owned by Qatar, which was decorated as a private plane. Trump said that the aircraft will be talent to the US Department of Defense and can be used as a Stopgap solution while Boeing builds new Air Air One, although the idea has been controversial in both political camps in the United States.
Read more:In the Trump world, aircraft is a key to the abolition of political services
Ortberg came out of retirement last year to help circumvent Boeing, which occurred in a deep crisis after a semi -artificial accident in the beginning of 2024, which revealed hair care in its factories and in a major resource. Since his assumption, he faced a delusional strike by the workers, who has fixed the company’s public budget with a new round of financing and put Boeing on a road to increase its production from 737 Max and 787 Dreamliner.
Investors chanted the agreement in Doha, with Boeing shares increased by up to 3.1 % to the highest level in 15 months.
The historical thing that Trump-in the wake of the melting of commercial ice with China has closed the investor’s confidence in the shares and bonds of Boeing, more than recovering the losses that the maker suffered in the wake of the so-called commercial “liberation day”. It is also a reminder of the manufacturer, good and bad, to the Mechanical President and his trade -related policies.
Boeing shares rose 50 % after reaching early April from Nader by $ 128.88, as the customs tariffs and anti -suppliers were pressed and pushed China to revenge by stopping the imports of the aircraft that made the United States. With the gains during the trading session on Wednesday, the company’s shares will be the highest price since February 2024.
“Boeing began recovering the operational momentum after a stretch strike and hit doors last year for more than $ 50 billion in bonds,” Matthew Judner, Bloomberg’s intelligence author, told customers. “The melting of commercial tensions, and the incoming liquidity to endure monetary burning in the short term, can help the rhythm in production and delivery in maintaining the performance of OEM ties, which outperformed its peers this year.”
The airlines in the Persian Gulf were among the largest buyers of long -range aircraft. The UAE, the largest regional competition in Qatar, ordered more than 100 Boeing aircraft at the last Dubai Air Show in 2023. In 2014, the UAE also requested 150 Boeing 777X, which was at that time a standard purchase.
Qatar has always been a loyal Boeing customer, although the carrier also fly a major fleet Airbus SE short and dedicated plane. The outlines in demand were higher since a pandemic, with the reopening of global roads, and airlines sought to renew their elderly fleets.
Read more:In the Trump world, aircraft is a key to the abolition of political services
Ortberg was accompanied by Doha Stephanie Bob, Boeing Chief Business Business Chief Boeing. Both executives took over their new roles as part of the administration’s disposal of last year, which swept the old goalkeeper around former CEO Dave Calhun.
The commitment is strongly in Qatar’s concentration in the Boeing camp, although the airline is also considering a fewer Airbus A350, Bloomberg.I mentionedLast week. This deal, if it is realized, is likely to be announced during the Paris Air Show in June.
Qatar runs a fleet of a mixture of more than 200 tight people and wide planes from both manufacturers. It runs more than 50 Boeing 777 older, which many transport companies are keen to replace.
This story was originally shown on Fortune.com
https://fortune.com/img-assets/wp-content/uploads/2025/05/GettyImages-2214410252-e1747249920945.jpg?resize=1200,600
Source link