After rumours of the 737 Max 10X's pending go-ahead have swirled for weeks, Boeing has scheduled a press conference at 10 am on 19 June in the auditorium of the Air and Space museum at Le Bourget, a more spacious venue than Boeing's media chalet. The company has committed to more than 300 Boeing aircraft since establishment, it took delivery of its 200th Boeing airplane in March 2017 and has an additional 74 737 MAXs on order, according to Boeing.
The cumulative changes, which Boeing reckons it has achieved on a shoestring budget, are resonating well with customers, Kevin McAllister, who heads Boeing's commercial-airplanes arm, said Sunday.
As part of the new move - announced at the Paris Air Show - Boeing said it will unveil later this week orders and commitments for more than 240 737 Max 10 jets from more than 10 customers. It's likely that some of those orders for the Max 10 are conversions of existing orders for smaller variants of the 737 Max.
"We think the timing's just right" for the Max 10, Chief Executive Officer Dennis Muilenburg said in an interview with Bloomberg Television at the show.
This is published unedited from the IANS feed. The 737 Max 10 is five-and-a-half feet longer than the Max 9, raising its capacity from about 178 to between 190 and 230 passengers. Airlines prize the models with added seats because it allows them to spread costs over more passengers, typically boosting returns when planes are full.
Stocks buoyed by tech rebound; Dudley remarks lift Treasury yields
USA crude slipped 0.45 percent to $44.55 a barrel, while global benchmark Brent dropped 0.4 percent to $47.17. The two-year yield was near 1.36% against a 1.307% low, 1.3642% high and 1.32% close.
Still, with a preponderance of narrowbody orders, engine manufacturers such as CFM enjoyed a bounty as well, including a $1.7 billion deal with China's Spring Airlines covering 60 LEAP-1A engines to power A320/A321neos and a $1.1 billion contract covering 80 more for ICBC Leasing's Airbus A320neos.
Boeing wants to punch back at Airbus, which is outselling the USA plane maker roughly five to one in sales for the biggest single-aisle jets. "It all looks very good, whichever way you cut it".
Airlines are increasingly selecting bigger single-aisle jets.
In an article 'The Sales Success Of The Boeing 737 MAX 10', I already mentioned that while the Boeing 737 concept is decades old by now, Boeing is still tweaking the aircraft to meet the demands of customers.
"With the introduction of our 737 MAXs next year, we will be able to further expand our network, while keeping our costs low for our customers", SpiceJet chairman and managing director Ajay Singh said. Now the US plane maker is striking back.