Boeing, Airbus compete for orders at air show

Airbus unveiled an upgraded version of the world's biggest passenger jet at the Paris Air Show.

The 737 Max 10 will have the lowest seat-mile cost of any single-aisle airplane ever produced, Boeing said, delivering 5 percent lower trip costs and 5 percent lower seat-mile costs.

Design changes for the 737 MAX 10 include a fuselage stretch of 66 inches compared to the 737 MAX 9, and the aircraft has the capacity to carry up to 230 passengers.

"The MAX 10 is going to add more value for customers and more energy to the marketplace", Boeing Chief Executive Dennis Muilenburg said at a presentation ceremony.

"This commitment is a testament to the capabilities of the 737 MAX family of airplanes and we look forward to delivering both the 737 MAX 9 and MAX 10 to them in the coming years".

Industry sources said Airbus would also soon announce a large order for its A321neo, as well as one for 10 of its A350-900 wide-body jets.

It operates a fleet of 35 Boeing 737s and 20 Bombardier Q400s, agreed in January to acquire 100 new MAX 737 aircraft as part of its expansion plans in the world's fastest growing aviation market. Leasing firm Aviation Capital Group (ACG), for example, said it had placed an order for 20 of the new 737 MAX 10 jets, worth a total of $2.5 billion at list prices.

Boeing has a test version of the 737 MAX 9 on display at Le Bourget airport north of Paris, which hosts the air show. Test flights have been completed and Boeing is now talking to customers about placing orders.

Boeing's forecast also pegged the single-aisle segment as the one that will experience the most growth over the forecast, propelled by low-priced airlines and emerging markets.

Past year at the 2016 Farnborough International Airshow, Norwegian committed to Global Fleet Care (formerly known as GoldCare) coverage for its 737 MAX fleet and expanded coverage for the airline's entire 787 fleet.

The largest MAX sale announced Monday was a memorandum of understanding for 40 from India's SpiceJet, half of which were conversions from existing MAX orders.

In an Associated Press interview Tuesday, Michael Huerta said "the growth of this industry and how it's evolving is something that all of us in aviation need to pay a lot of attention to".

Boeing raised its demand forecast on the single-aisle segment by 5% vs. previous year to 29,530 new airplanes.

United also announced an order for four additional 777-300ER aircraft.

  • Zachary Reyes