More 'lift' for Malaysia Airlines

Marco Green
June 27, 2017

With corporate offices in Chicago, Boeing supports airlines and USA and allied government customers in 150 countries and employs approximately 150,000 people across the United States and in more than 65 countries around the world. "We look forward to delivering this first 737 MAX to Mauritania later this year".

Boeing took more orders for the recently announced 737 MAX 10 on the third day of the Paris Air Show on Wednesday. The sales tally in Paris was almost double that of last year's Farnborough Air Show, which alternates with Paris as the industry's marquee event.

But over the longer term, Boeing sees an industry in rude health, forecasting 41,030 passenger and freight plane deliveries worth more than $6 trillion over the next two decades, up from 39,620 in a similar projection a year ago. "The 737 MAX 10 will provide even more flexibility to United's route schedule and will bring to their operation the best economics of any airplane in the single-aisle segment".

Boeing now expects 29,530 deliveries in the medium-haul single-aisle category, which is popular with low-priced airlines.

This agreement cost them ₹30,298 crores at current list prices which include a new order for 20 planes and a conversion of 20 of SpiceJet's 737 MAX 8 aircraft from an existing order.

Boeing said demand for single-aisle planes as well as wide-bodies remains buoyant, despite concerns about economic and political turbulence in the Middle East and low fuel prices serving as disincentive to invest in more efficient aircraft.

The move is aimed at helping Boeing compete with Europe's Airbus SE.

Boeing predicted demand for 920 cargo planes, down one per cent from its previous forecast.

Leahy also disclosed that he met with Tim Clark, head of Emirates airline which is the main customer of the A380, Airbus's superjumbo, that it has had to slow production of due to a lack of orders over the past 18 months.

"We have had a lot of cancelations, especially to the four countries that did this illegal blockade, but we have found new markets and this is our growth strategy", CEO Akbar al Baker said.

Airbus could still fire back, as the Toulouse, France-based manufacturer's veteran sales chief John Leahy will be loath to be outdone in what's set to be his last appearance at the aviation industry's biggest gathering. SOUNDBITE (English) THINK MARKETS, CHIEF MARKET ANALYST, NAEEM ASLAM, SAYING: "Yes, they are going to sell planes to Iran".

Other reports by Click Lancashire

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