Qatar Airways Places Largest Single Aircraft Order in its History
Qatar Airways and Boeing have finalised an order for 50 aircraft, of the 777-9Xs range. The order was first announced as a commitment at the 2013 Dubai Airshow and was part of the largest product launch in commercial jetliner history.
In addition, Qatar Airways announced a commitment for 50 additional purchase rights which if exercised, could take its order tally to over 100 airplanes, valued at around US $40 billion at list prices.
The company, which has a long-term target to become a top five cargo carrier, also announced its intent to order four 777 Freighters and options for four more, with a combined value of around US $3 billion at list prices.
He said: "Qatar Airways continuously builds upon its successful fleet programme, and this latest announcement demonstrates our investment in quality equipment to deliver our signature Five-Star service.
"The Boeing 777 is a key component of our fleet and we look forward to building on this with the next-generation 777-9X.”
The 777X will introduce the latest technologies including the most advanced commercial engine ever; the GE9X by GE Aviation, and an all-new high efficiency composite wing that has a longer span than today’s aircraft.
Boeing Commercial Airplanes president and CEO Ray Conner, said: “Qatar Airways took delivery of its first 777 a few short years ago, and we are honoured to see this partnership continue to grow and strengthen.
“Today signifies a new chapter in our relationship, with Qatar Airways’ endorsement of the 777X as well as their ongoing confidence in the value of the 777 Freighter. These orders validate the market leading role that the 777 and now the 777X will continue to play in the Middle East’s passenger and cargo market.”
The 777-9X will be 12 percent more fuel efficient than any competing airplane, something which is necessary in today’s competitive environment.
Design of the 777X is underway and production is set to begin in 2017, with first delivery targeted for 2020. To date, the 777X has accumulated 300 orders and commitments from six customers worldwide.
Qatar Airways has seen rapid growth in just 17 years of operation, to the point where today it is flying a modern fleet of 134 aircraft to 144 key business and leisure destinations across Europe, the Middle East, Africa, Asia Pacific, North America and South America.
Qatar Airways joined the oneworld Alliance, becoming the first Gulf carrier to join a global airline alliance, enabling its customers to benefit from almost 1,000 airports in more than 150 countries, with 14,250 daily departures.
For more information, visit http://www.qatarairways.com/global/en/press-release.page?pr_id=pressrelease_boeing-order-100-fia-160714
Elon Musk's Boring Co. planning wider tunnels for freight
Elon Musk’s drilling outfit The Boring Company could be shifting its focus towards subterranean freight and logistics solutions, according to reports.
A Boring Co. pitch deck seen and shared by Bloomberg depicts plans to construct wider tunnels designed to accommodate shipping containers.
Founded by Tesla CEO Musk in 2016, the company initially stated its mission was to offer safer, faster point-to-point transport for people, particularly in cities plagued by traffic congestion. It also planned longer tunnels to ferry passengers between popular destinations across the US.
The Boring Co. completed its first commercial project earlier this year in April. The 1.7m tunnel system is designed to move professionals between convention centres in Las Vegas using Tesla EVs. It says the Las Vegas Convention Centre Loop can cut travel time between venues from 45 minutes to just two.
Boring Co.'s new freight tunnels
The Boring Co.'s new tunnel designs would allow freight to be transported on purpose built platforms, labelled as “battery-powered freight carriers”. The document shows that, though the containers could technically fit within its current 12-foot tunnels, wider tunnels would be more efficient. Designs for a new tunnel, 21 feet in diameter, show that they can comfortably accommodate two containers side-by-side, with a one-foot gap between them.
The Boring Co.’s new drilling machine, dubbed Prufrock, can tunnel at a rate of one mile per week, which is six times faster than its previous machine, and is designed to ‘porpoise’ - mimicking the marine animal by ‘diving’ below ground and reemerging once the tunnel is complete.
Tesla’s supply chain woes
Tesla is facing its own supply chain and logistic issues. The EV manufacturer has raised the price of its vehicles, with CEO Musk confirming the incremental hike was a result of “major supply chain pressure”. Musk replied to a disgruntled Twitter user, confused as to why prices were rising while features were being removed from the cars, saying the “raw materials especially” were a big issue.
Car manufacturing continues to be one of the industries hit hardest by a global shortage in semiconductor chips. While China’s chip manufacturing levels hit an all-time high in May, and the US is proposing a 25% tax credit for chip manufacturers, demand still outstrips supply. Automakers including Volkswagen and Audi have again said they expect reduced vehicle output in the next quarter due to a lack of semiconductors, with more factory downtime likely.
Top Image credit: The Boring Company / @boringcompany