Boeing kicks off Paris Air Show with bigger 737 Max jet

Boeing made a series of exciting announcements on the first day of the 2017 Paris Air Show, including the launch of the 737 MAX 10 as the newest member of the 737 MAX family.

Boeing says the new 737 will have the lowest operating costs of any single-aisle plane ever produced.

“Our customers told us to build it bigger”, said Kevin McAllister, Boeing Commercial Airplane chief executive Kevin McAllister on Monday. However, the A321neo has a larger capacity and, because of this, has been outselling the 737 Max 9.

Qatar Airways firms up an order for 20 Boeing BA.N 737 MAX jets after letter of intent previous year for up to 60 737 MAX 8 jets. CDB Aviation signed a “memorandum of understanding” (a provisional order) for forty-two MAX 8; 8 787-9 and ten 737 MAX 10 jets, worth in total about 7.25 billion euros at list prices. They compete with Airbus planes in the A320-neo family, aiming at a similar short- to mid-range market.

So far the decision has paid off. Boeing stated that later this week it will reveal orders for more than 240 737 Max 10 jets from at least 10 customers.

Other MAX 10 orders announced Tuesday were leasing company Aviation Capital Group with 20 orders, Chinese airline Okay Airways for eight and China Aircraft Leasing Group for eight. The MOU also includes purchase rights for an additional 50 737 MAX 8s.

The Gurgaon-based no-frills airline had earlier this year announced that it will purchase up to 205 new aircraft (including 55 from the 2014 order) from Boeing with the order valued at United States dollars 22 billion.

The commitment, valued at $8.4 billion at list prices, will bolster Avolon’s single-aisle portfolio to meet growing customer demand in that market segment.

The MAX 10 is created to stem the loss of sales to the rival Airbus A321neo, which has won more than 1,400 orders.

Airbus said on Sunday that it was working on an A380 upgrade – dubbed A380plus – with fuel-saving wingtips, confirming plans reported by Reuters in March. Even when equipped with an auxiliary fuel tank, the MAX 10 has a range of 3,700 miles, which can’t match the extended-range A321neo LR’s claimed 4,600-mile range. But Boeing can add just one tank to the MAX 10 to trump that.

“We want to continue to be a growth company with young, fuel-efficient airplanes, ” said Mr Higgins. “It’s an airplane that is a littler larger than the other airplanes in our MAX family”, he said. But the 10 has two extra rows of seats.

“We have 1.3 billion people in our country, they need to travel to different parts of the world and they don’t necessarily need to travel through the hubs that have been created by several airlines on both sides of our country”, said SpiceJet CEO Ajay Singh.