- China vows 'cooperation' over ship linked to severed Baltic Sea cables
- Australian tennis star Purcell provisionally suspended for doping
- Asian markets track Wall St rally as US inflation eases rate fears
- Luxury Western goods line Russian stores, three years into sanctions
- Wallace and Gromit return with comic warning about AI dystopia
- Philippine military says will acquire US Typhon missile system
- Afghan bread, the humble centrepiece of every meal
- Honda and Nissan expected to begin merger talks
- 'Draconian' Vietnam internet law heightens free speech fears
- Israeli women mobilise against ultra-Orthodox military exemptions
- Asian markets track Wall St rally as US inflation eases rate worries
- Tens of thousands protest in Serbian capital over fatal train station accident
- Trump vows to 'stop transgender lunacy' as a top priority
- Daniels throws five TDs as Commanders down Eagles, Lions and Vikings win
- 'Who's next?': Misinformation and online threats after US CEO slaying
- Only 12 trucks delivered food, water in North Gaza Governorate since October: Oxfam
- InterContinental Hotels Group PLC Announces Transaction in Own Shares - December 23
- Melrose Group Publicly Files Complaint to the Ontario Securities Commission
- Langers edge Tiger and son Charlie in PNC Championship playoff
- Explosive batsman Jacobs gets New Zealand call-up for Sri Lanka series
- Holders PSG edge through on penalties in French Cup
- Slovak PM Fico on surprise visit to Kremlin to talk gas deliveries
- Daniels throw five TDs as Commanders down Eagles
- Atalanta fight back to take top spot in Serie A, Roma hit five
- Mancini admits regrets over leaving Italy for Saudi Arabia
- Run machine Ayub shines as Pakistan sweep South Africa
- Slovak PM Fico on surprise visit to Kremlin
- Gaza rescuers say Israeli strikes kill 35
- 'Incredible' Liverpool must stay focused: Slot
- Maresca 'absolutely happy' as title-chasing Chelsea drop points in Everton draw
- Salah happy wherever career ends after inspiring Liverpool rout
- Three and easy as Dortmund move into Bundesliga top six
- Liverpool hit Spurs for six, Man Utd embarrassed by Bournemouth
- Netanyahu vows to act with 'force, determination' against Yemen's Huthis
- Mbappe back from 'bottom' as Real Madrid down Sevilla
- Ali hat-trick helps champions Ahly crush Belouizdad
- France kept on tenterhooks over new government
- Salah stars as rampant Liverpool hit Spurs for six
- Syria's new leader says all weapons to come under 'state control'
- 'Sonic 3' zips to top of N.America box office
- Rome's Trevi Fountain reopens to limited crowds
- Mbappe strikes as Real Madrid down Sevilla
- 'Nervous' Man Utd humiliated by Bournemouth
- Pope again condemns 'cruelty' of Israeli strikes on Gaza
- Lonely this Christmas: Vendee skippers in low-key celebrations on high seas
- Troubled Man Utd humiliated by Bournemouth
- 2 US pilots shot down over Red Sea in 'friendly fire' incident: military
- Man Utd embarrassed by Bournemouth, Chelsea held at Everton
- France awaits fourth government of the year
- Germany pledges security inquest into Christmas market attack
Boeing to sell 34 777X cargo planes to Qatar Airways
US plane maker Boeing reached a pair of major agreements on Monday with Qatar Airways, including the sale of 34 777X freighters worth an estimated $20 billion.
Besides the 34 planes, Qatar Airways also has purchase rights for another 16 777X cargo planes, according to the agreement finalized at a White House signing ceremony.
The Middle Eastern carrier also signed a letter of intent to buy 25 737 MAX planes worth $6.7 billion, the White House said.
The announcement gives a boost to Boeing and its latest widebody plane the 777X, which saw its development pushed back amid the Covid-19 pandemic.
The 777 "will be an absolute world beater," said Boeing Chief Executive David Calhoun, who has also emphasized the plane maker is seeing freight aircraft demand grow as e-commerce becomes more popular.
The contract shows that Boeing "serves a global need that in a post-Covid world will be coming back and coming back in a significant way," Calhoun said at the signing.
The orders for the MAX are welcome news for Boeing after the plane experienced a lengthy grounding following two fatal crashes, one of the major problems that has dogged the aviation giant in recent years.
Boeing last week reported a $3.8 billion quarterly loss connected to problems with its 787 Dreamliner plane. The company has suspended deliveries on the model due to a series of production problems.
For Qatar Airways, the deals with Boeing follow an unusual public fight with Airbus, which earlier this month canceled the carrier's multi-billion-dollar order of 50 planes in an escalating feud over its grounding of the A350 aircraft.
J.Oliveira--AMWN