Boeing was the real winner of Donald Trump's trip to the Middle East

Donald Trump congratulated Boeing's CEO after signing a record-breaking order in Qatar.Brian Snyder/REUTERSBoeing secured a record-breaking $96 billion order from Qatar Airways during Donald Trump's trip.It was one of several wins this week, showing the planemaker is recovering from a troubling 2024.Trump's support came after tensions over Air Force One delays and concerns over a Qatari gift.Boeing showed it's bouncing back from its turmoil as it won several victories from Donald Trump's trip to the Middle East.On Wednesday, Qatar Airways agreed to buy at least 160 Boeing jets, in a deal the White House valued at $96 billion. It is the planemaker's largest-ever order for wide-body aircraft.While the two CEOs signed certificates and shook hands, Trump and the Emir of Qatar applauded from behind the ornate desk. The president gave Boeing's Kelly Ortberg a pat on the back.It's rare to see heads of state attend aircraft-order ceremonies. Trump's show of support for Boeing was a notable turn from the tensions between the two over delays in building the next Air Force One.Receiving such a huge vote of confidence from an industry-leading airline is also a significant boost, especially since the order includes 30 Boeing 777X planes and options for dozens more.The 777X is yet to be certified, running years behind schedule, meaning Qatar's order is a big show of faith in Boeing's future. Flight tests for the 777X had to be paused last August after damage was found on a key structure.Delays to the 777X have annoyed many customers — but not Qatar Airways.LINDSEY WASSON/REUTERSSeveral customers, including the largest, Emirates, voiced their frustrations after Ortberg then announced its launch would be further pushed back to 2026.However, Qatar Airways has never dwelt on the delays. "Let us not cry over spilled milk," CEO Badr Mohammed Al-Meer told Business Insider last July.Boeing is also likely to benefit from Tuesday's defense deal with Saudi Arabia, which the White House called "the largest defense-sales agreement in history," at roughly $142 billion.These are all significant signs that the planemaker hasn't lost too much of its reputation after an ignominious 2024.The year began with a door plug falling off a 737 Max in midair. Regulators subsequently capped Boeing's production as it works to overhaul its processes.This week has seen progress here, too, as Boeing said it delivered 45 commercial planes last month — almost double the number in the same period last year.Trump's change of heartEven before Qatar Airways' order, planes were dominating the headlines around Trump's trip.The president said Monday he would be "stupid" to turn down the Qatari royal family's proposed gift of a Boeing 747.It has raised ethical and legal concerns, with politicians on both sides of the aisle questioning the gift. The luxurious $400 million plane would be one of the most expensive gifts ever received by the government from another country.The timing may also raise questions about Qatar's motivation for announcing the mammoth Boeing order during Trump's visit, rather than at next month's Paris Air Show.Donald Trump cut a cake adorned with the next Air Force One at his inaugural ball.PATRICK T. FALLON/AFP via Getty ImagesTrump wants the 747 to serve as Air Force One because Boeing is running years behind schedule in building the next presidential jet. He renegotiated the contract in his first term, and the planemaker has since lost billions on the project.In February, Trump showed his frustration with the delays by touring a Qatari Boeing 747 in Palm Beach — believed to be the one now on offer.So, his support for Boeing in Qatar shows a change of heart that will likely please the planemaker and help settle any apprehension over Air Force One.The country's top exporter, Boeing, was also under threat from Trump's tariff plans.Jets destined for Chinese airlines had to be sent back across the Pacific Ocean after they refused to accept them due to the trade war. On Monday, China and the US agreed to lower tariffs by 115%.But overall, that may not be as valuable as the reputation boost provided during Trump's trip.This week has helped the storied planemaker prove that it's moving on from the woes of 2024.Read the original article on Business Insider

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