Boeing marks the comeback of the crisis with the Qatar Air Deal record

One year after Boeing Co.

Executive Director Kelly Ortberg signed an agreement for up to 210 Qatar Airways Widebody aircraft, including 787 Dreamliner and the largest model 777x with engines General electric Co., in a ceremony witnessed by Trump and the Emir of Qatar on Wednesday. The White House said the agreement was worth $ 96 million, although customers usually negotiate abrupt discounts.

The announcement in the marble dressed rooms of the Royal Court of Qatari gave each of the attending parts a great victory: Trump is a mission in the Persian Gulf to take dollars of commercial agreements to show their supply costs. Qatar and his Air Companion name come to cement their relationship with the United States, supporting the largest exporter in the country. And Boeing moves away from an order that extends his dominion in a region that has been a major buyer of his most expensive jets.

Wednesday’s order will see Qatar by buying 130 787 Dreamliners and 30 777x aircraft, with option to take 50 additional aircraft of any type of type, depending on the people known by the agreement. GE Aerospace said that the pact includes more than 400 engines in its largest agreement for Widebody turbines.

The White House did not provide full details of the agreement and Qatar Airways and Boeing refused to comment.

Ortberg accompanied Trump on his tour in the region, including his first stop in Saudi Arabia on Tuesday, where Boeing also gained a less than $ 4.8 billion commitment to aircraft from the country’s sovereign wealth fund. Trump congratulated Ortberg after signing the biggest agreement, and said the pact as a record that would help secure himself at home.

The relationship of the two men has not always been easy. Trump has failed in Boeing openly for late to provide two new Air Force Air Force Air Aircraft, ordered during his first term in office. Ortberg said that Boeing has found ways to accelerate the program, which is years ago.

The question of the delayed presidential aircraft hung Trump’s trip, after confirmed that he was considering accepting a Boeing 747-8 owned by Qatari who has been decorated as a private aircraft. Trump said that the aircraft would be provided to the United States Department of Defense and that it could be used as a Stopgap solution while Boeing builds the new Air Force Air Aircraft, although the idea has been controversial in the two political fields in the United States.

Read -Ne More:In Trump’s world, jets are key to unlock political favors

Ortberg left his retirement last year to help turn around Boeing, which fell into a deep crisis after an almost catastrophic accident at the beginning of 2024, which exposed hair inclination in his factories and a key supplier. Since taking over, he has faced a weakening strike on the part of the workers, repaired the company’s abused balance with a new funding round, and established Boeing on a path to increase production of his important 737 Max and 787 Dreamliner.

The investors applauded the agreement to Doha, with Boeing shares up to 3.1% to the maximum in 15 months.

The historical order praised by Trump, following a commercial thaw with China, has fueled the confidence of investors in Boeing’s actions and bonds, rather than recovering the loss of the planner after the so -called “Liberation Day” Broadside. It is also a memory of the manufacturer’s exhibition, both good and bad, for Mercurial President and his trade policies.

Boeing shares have increased by 50% after hitting a Nadir in early April of $ 128.88, as the rates and counter-arifers tightened suppliers and pushed China to retaliate by stopping the imports of the JETs made in the United States. With the profits during a Wednesday negotiation session, the company’s shares are at the highest price since February 2024.

“Boeing begins to regain operating impulse after a extensive strike and the performance of the door paste last year for its more than $ 50 billion,” said Matthew Geudtner, a credit analyst at Bloomberg Intelligence, on Wednesday told customers. “The thawing of commercial tensions, a wide liquidity to withstand the cash burning in almost term, and the pronouncement tests in the production and the delivery cadence can help maintain the performance of the OEM bonuses, which have passed their classmates this year.”

Persian Gulf Air Companies have been one of the largest long -range aircraft buyers. Emirates, Qatar Airway’s largest regional competitor, ordered more than 100 Boeing aircraft to the last Dubai air show in 2023. In 2014, Emirates also ordered 150 of Boeing’s 777x model, which was at that time a record purchase.

Qatar has been a loyal customer to Boeing, although the carrier also flies a significant fleet of Airbus Short and Longhaul aircraft. Widebody aircraft had a higher demand from pandemic as global routes reopened and airlines sought to refill their aged fleets.

Read -Ne More:In Trump’s world, jets are key to unlock political favors

Ortberg was accompanied by Doha by Stephanie Pope, the head of the Boeing commercial aircraft business. The two executives assumed their new roles as part of a management agitation last year, which devastated the old guard around the ex -Director General Dave Calhoun.

The commitment focuses solidly on Qatar in the Boeing camp, although the airline is also considering a smaller number of Airbus A350 aircraft, BloomberginformedLast week. This agreement, if materialized, is likely to be announced during the Paris Aerial Show in June.

Qatar operates a fleet of more than 200 narrow and character aircraft of both manufacturers. It works more than 50 of the Boeing 777 model older than many operators are interested in replacing.

This story originally presented to Fortune.com

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