Tuesday 19 November 2013

Qatar-Emirates Create Purchasing Pact to Get Most Out of Boeing - Bloomberg

Qatar-Emirates Create Purchasing Pact to Get Most Out of Boeing - Bloomberg:

"Qatar Airways Ltd. said it jointly negotiated a deal for as many as 250 of Boeing Co. (BA)’s new 777 planes with Dubai-based Emirates, putting old rivalries aside to wring maximum value from the Persian Gulf’s growing dominance of the wide-body jet market.
The novel approach, which saw the pair share a stage for their order announcement at the Dubai Air Show, delivered extra economies of scale, Qatar Chief Executive Officer Akbar Al Baker said yesterday, 24 hours after the contracts were placed.
“We’re buying airplanes, we’re not going to the supermarket, so we’re not going to do this every time,” Al Baker said. “But when we do a similar program in the future then yes, I hope that we will be able to do it together.”"

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