Boeing, Ryanair finalize order for 10 additional 737 MAXs

Marco Green
June 26, 2017

While Airbus has upgraded its biggest model, Boeing instead has focussed on smaller and more efficient planes.

A new airliner is worth many hundreds of billions of dollars to the global economy. "Yes", he told a news conference.

Xiamen Airlines will work closely with Boeing and relevant stakeholders to finalize the agreement for 10 737 MAX 10 Airplanes, which requires the approval of Xiamen Airlines' board of directors, the China Southern Airlines Company Limited's board of directors, as well as the Chinese Government.

Airbus's Leahy claimed Boeing's MAX 10 launch was not as impressive as it appeared, benefiting from a high number of airlines and leasing companies shifting orders to the new plane. The airline will now add 10 737 MAX 10s to its fleet at a list price of $1.2 billion.

In its annual financial report, Ryanair said it carried 120 million passengers last financial year, up 13 percent on the previous 12 months, while its revenue rose by 2 percent to 6.7 billion euros (7.45 billion USA dollars).

United said it was converting 100 previously placed 737 orders to the Max 10, which is created to haul as many as 230 people on transcontinental flights of about 3,000 nautical miles.

The head of the U.S. Federal Aviation Administration says the boom in drone popularity is "a huge game changer" similar "to powered flight or jet engines".

More than half the planes Boeing expects the industry to deliver are meant to help airlines expand.

Boeing Co. outsold rival Airbus SE at the Paris Air Show, with the world's top two plane makers combining to secure $114 billion in deals. Lion Mentari Airlines PT of Indonesia and United Airlines are also expected to make orders during the Paris Air Show.

During the first three days of this year's Paris Air Show, Boeing announced orders and commitments for a total of 571 commercial aircraft, valued at $74.5bn at list prices.

"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.

He said the Max series is oversold through 2020, and capacity is finite for the model favored by budget carriers.

Boeing launched the new version of its best-selling 737 aircraft on Monday amid a flurry of deals.

The A321 is larger than any previous member of the 737 family, a gap that the MAX 10 is meant to close. According to commentators, the MAX 10 would certainly help Boeing to pull even.

Other reports by Click Lancashire

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