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Qatar Airways finalises 5 Boeing 777 jet purchase order

Qatar Airways finalises 5 Boeing 777 jet purchase order
The order’s total cost amounted to $1.7 billion at list prices

Mubasher: Qatar Airways (QA) on Monday announced finishing a purchasing order for five 777 fighters from Boeing Co.

The order’s total cost amounted to $1.7 billion at list prices, according to the Qatari state-run airline’s statement.

“[The deal] was previously announced as a commitment to purchase in April,” Reuters reported.

It is worth noting that the Qatari carrier witnessed a considerable growth over the last five years to be the world’s third-largest airline.

Since 5 June 2017, Qatar has been facing outflows of foreign customers' deposits after four Arab countries led by Saudi Arabia cut their diplomatic and trade ties with the gas-rich state, accusing Qatar of financing terrorism. Doha forcefully denies the charges.    

As a result, Qatar Airways has been willing to launch four new destinations in a bid to compensate part of its losses.