Published: Thu, June 22, 2017
USA | By Angel Wallace

Boeing launches 737 MAX 10 with 240 orders, commitments

Boeing launches 737 MAX 10 with 240 orders, commitments

A tally by Boeing shows more than 400 orders so far, while a separate tally for Airbus shows just over 100.

A Memorandum of Understanding (MoU), valued at United States dollars 4.7 billion at current list prices, was signed at the Paris Air Show, which commenced on Monday (19 June).

Both the 787-10 and the 737 Max 9 only made their first flights this year, and Boeing was eager to show off its new prizes to airline customers and the press, not to mention fierce rival Airbus.

The MAX series of jets are created to be a more fuel-efficient version of the workhorse 737, Boeing's most popular commercial plane.

The US company has had about 3,700 orders for the 737 Max family, which ranges from the 172-seat Max 7 to the 220-seat Max 9.

The commitment, valued at $1.12 billion at current list prices, will become JIA's first direct purchase of new airplanes. That order includes 10 of the 737 Max 10 aircraft.

737 Max 8 planes, 10 of the newly launched Max 10 variant, and eight 787 wide-bodies.

As part of the launch, Boeing announced it had taken more than 240 orders and commitments for the MAX 10 worth as much as $30 billion at list prices.

Boeing shares rose 0.7% to 200.50 in premarket trading on the stock market today.

Airbus looked close to reaching a roughly $5 billion deal with low-priced Peruvian carrier Viva Air Peru.

Over the longer-term, Boeing is forecasting 41,030 industry deliveries over the next two decades, up from 39,620 in a similar projection a year ago and topping US$6trn in value.

Boeing Commercial Airplanes CEO Kevin McAllister also dismissed concerns by financiers regarding fragmentation of the 737 MAX-family into five separate models.

The executive said the U.S carrier had not finalised the seating configuration for the airplanes but that they would be used as domestic aircraft.

He also said that the new innovations give customers an "additional capacity with a 5 percent seat cost and trip cost advantage" over the Airbus A321neo, Boeing's competition. "Norwegian's strategy is to operate and own the newest state-of-the-art fleet of aircraft, giving passengers high-quality comfort and the shareholders as high a return as possible".

Globally, airline growth will account for 57% of new deliveries as low-priced and regional carriers expand.

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