Thursday, 22 June, 2017

Macron kicks off Paris Air Show with airborne entrance

Nellie Chapman | 20 June, 2017, 02:11

The CEO of Boeing's commercial planes operations, Kevin McAllister, said Monday that the 737 Max-10 will offer customers more flexibility and seating space. The order could be for as many as 50 aircraft, though it's unclear how many of those may be options.

Airbus's chief salesman John Leahy said in Mexico this month that the new Boeing plane looks "very marginal" and risks compromising range and performance for "a few extra seats".

The Max 10 variant becomes the latest in Boeing's efforts to update its workhorse 737 model.

Coming up next from Boeing is the 737 Max 10 which is to match that capacity, while also being lighter and cheaper, the plane maker has said.

While Airbus and Boeing dominate the world s civil aviation industry, the duopoly is not without challengers: Competition is looming, notably from Russian Federation and China, which have been test-flying their own mid-range models.

Boeing said Monday its new airplane, the 737 MAX 10, will have the lowest seat mile cost of any single-aisle airplane ever produced and will be available in 2020.

The Max 10, which will be Boeing's first new model since the unveiling of the 777X series at the Dubai Air Show in 2013, will be 1.68 meters longer than the Max 9, now the biggest member of the re-engined 737 family, which was launched alongside the Max 7 and 8 in 2011.

At the ongoing Paris Air Show in Le Bourget, the airline said it has signed a memorandum of understanding for 40 737 Max aircraft which are valued at approximately $4.74 billion at current list prices.

After years of booming orders driven by increased air travel and more fuel-efficient planes, passenger jetmakers are bracing for a slowdown in demand while they focus on meeting tight delivery schedules and ambitious production targets. Airbus also announced that it would bring out an expanded version of its A380 superjumbo jet, a 575-seat plane called the A380plus. Thus, the most important announcements of the day (from a business perspective) may have been Boeing's deals to sell 38 Dreamliners to a pair of aircraft leasing companies: AerCap (NYSE:AER) and CDB Aviation Lease Finance.

Analysts have predicted that the world will need as many as 41,000 commercial planes over the next two decades.

One star performer will be Lockheed Martin's F-35A new generation fighter jet, scheduled to sortie on demonstration flights during the airshow.

The aircraft sporting the prototype "winglet" will be towed out to join others on display at the June 19-25 air show, giving airlines a glimpse of an improvement that Airbus hopes will turn around weak sales of its flagship double-decker. That is in addition to the 150,000 industry professionals from 2,370 companies.