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Qatar Airways to sign $1.3 bln contract with Boeing

Carrier to add five Boeing aircrafts; Contract worth $1.3 bln


April 6, 2011 11:49 by

Qatar Airways will sign a $1.3 billion contract with planemaker Boeing on Wednesday to buy five new aircraft, Qatar’s state news agency said in a statement.The Gulf carrier will acquire five new 777 planes, adding to its current fleet of 97 aircraft which includes 25 Boeing 777s, QNA said.

Qatar, the world’s largest exporter of liquefied natural gas, is building a new airport with the capacity to accommodate 50 million passengers per year.

Qatar Airways said in December it is planning to launch an initial public offering (IPO) in early 2012 after three consecutive years of profit.

(Reporting by Regan E. Doherty; Editing by Dinesh Nair)


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