investorschatroom.com

Finance

Boeing launches new jet with flurry of orders

Share
United Airlines Boeing 737 MAX 10

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.

According to industry sources, the 737 MAX 10 has a catalog value of $125 million making this order worth about $12.5 billion before discounts that are customary for aircraft purchases.

"It is getting a big endorsement from airlines and that is leading to more lessors endorsing it too", Ihssane Mounir, Boeing vice president for sales and marketing, told reporters. Delivery to airlines like United Airlines, British Airways and launch customer Singapore Airlines will begin next year.

Ryanair carried 120 million passengers a year ago with 1,800 daily flights to more than 200 destinations.

In a symbolic change likely to rankle with its European rival, Boeing ditched its forecast for very large four-engined airplanes such as the Airbus A380 and its 747-8. The Max 10 will be the largest of the updated 737 series, which competes head on with Airbus's A320neo family.

Airlines around the world have had an insatiable demand for single-aisle aircraft like the Airbus A320 and Boeing 737 that fly short and medium haul routes around the globe. General Electric Commercial Aviation Services converted an existing 737 order for 20 planes to the new model. The Max family of planes is oversold through 2020, and capacity is finite for the model favored by budget carriers, Slattery said in an interview.

Blac Chyna Involved In Scary Car Accident, Gets Medical Help
Apparently, paramedics did a diagnosis on Chyna for around 45 minutes and she subsequently released and picked up by someone. Cops allegedly administered a few sobriety tests, but it is not known if an arrest was made.

Miley Cyrus Finally Feels Like People Respect Her
He's the ex-pat Australian actor who is rumoured to be engaged to his pop-star girlfriend Miley Cyrus . Regardless - we're sure shippers will still freak out whenever they see Miley wearing white.

Supreme Court took on gerrymandering case, could dramatically change future elections
Four justices - only Justice Clarence Thomas remains of that group - said it was not the court's business to make such decisions. In other districts, Democrats were so well represented it limited voters' ability to elect Democrats in other districts.

AerCap has 100 737 MAX aircraft on order, now comprising 85 MAX 8s and 15 MAX 10s.

Over three dozen pledges were received by Boeing at the Paris Air show for the new Max 10 that the Chicago, Illinois-based plane manufacturer is planning to launch.

Ryanair buys 10 Boeing 737 MAX 200 jets worth more than $1.1 billion at list prices.

(This version of the story corrects paragraph nine to show order was from Viva Air, not Viva Air Peru).

"Many airports are running out of capacity and for those airports this is a flawless aircraft", said Ajay Singh, chairman of low-priced Indian airline SpiceJet, which signed a provisional deal to buy 40 MAX 10s.

"By placing a firm order with Boeing as well as contracting additional aircraft from our strategic partner Air Lease Corporation, Blue Air will incorporate 20 ultra-modern aircraft into its fleet", Gheorghe Racaru, CEO of Blue Air, said.

Share