Qatar Airways has finalised a deal for four 777 Freighters, valued at $1.24 billion at current list prices, aircraft manufacturer Boeing said in a statement.
The Gulf airline also purchased rights for four additional planes, which when exercised will bring the combined value of the deal to $2.46 billion.
Qatar Airways first announced its intent to purchase four 777 Freighters at the 2014 Farnborough Airshow.
The 777 Freighter is capable of flying 4,900 nautical miles (9,070km) with a full payload and general cargo market densities, making it the world’s longest-range twin-engine freighter.
The aeroplane’s range capability translates into significant savings for cargo operators: fewer stops and associated landing fees, less congestion at transfer hubs, lower cargo handling costs and shorter cargo delivery times, Boeing claims.
Qatar Airways currently operates a fleet of 37 Boeing 777-300ERs (Extended Range) and 777-200LRs (Longer Range), in addition to seven 777 Freighters.
“We aim to make Qatar Airways one of the world’s major air cargo players,” said Akbar Al Baker, CEO, Qatar Airways.
“With its proven track record, long-range capabilities and excellent operational efficiencies, the 777 Freighter will be a key player in enabling Qatar Airways to grow its footprint and economically deliver cargo further, connecting many long-haul destinations from our hub in Doha, especially with the expansion of Doha’s new freight terminal.”
Qatar Airways, has been a steady customer of Boeing despite facing some issues with the company’s Dreamliner aircraft.
In July 2014, the Gulf carrier finalised an order with Boeing for 50 777-9Xs wide-body jets, worth $18.9 billion at current list prices.