Boeing shares are ticking up Wednesday after the White House announced that the plane maker had struck a massive deal with Qatar Airways. According to a White House fact sheet, Qatar Airways (the state-owned airline of Qatar) will purchase up to 210 planes from Boeing in a $96 billion agreement.
“This is Boeing’s largest-ever widebody order and largest-ever 787 order,” the White House’s statement reads.
The order marks Boeing’s second major deal of the past few days. Last week, Commerce Secretary Howard Lutnick announced that a UK airline (which turned out to be IAG) would purchase $10 billion worth of Boeing planes.
Not included in the Qatar economic deals: the $400 million jet from the Qatari royal family that President Trump has said he plans to use as Air Force One. That plane, which Qatar says is still under review, would be one of the largest foreign gifts ever received by the US. The president reportedly plans to transfer ownership of the jet to his museum foundation following his presidency.
