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Boeing's Faith in Air Freight Pays Off With $18 Billion in Sales

  • Two-day Farnborough haul beats tally for passenger wide-bodies
  • Full lineup gives U.S. planemaker a lift against rival Airbus
The nose cone of a Boeing Co. 747 cargo aircraft operated by CargoLogicAir Ltd. lifts during a demonstration showing the loading of a Jeep, during preparations ahead of the Farnborough International Airshow (FIA) 2018 in Farnborough, U.K., on Sunday, July 15, 2018.
Photographer: Simon Dawson/Bloomberg

Boeing Co. stood by the air-cargo market during a withering downturn a decade ago, and that decision is paying off handsomely now.

The U.S. planemaker has netted $18.2 billion in freighter sales and commitments this week at the Farnborough International Airshow, including deals for 48 of the cargo-hauling version of the 777 jet. The customers range from European package-delivery firm DHL to Gulf carrier Qatar Airways and Russian bulky-cargo specialist Volga-Dnepr Group. Boeing chief rival Airbus SE hasn’t sold a single cargo plane at the show.