Abril 26, 2018

Macron kicks off Paris Air Show with airborne entrance

20 Junio 2017, 02:08 | Dolorita Barahona

AIRSHOW-China's CALC joins line-up for Boeing 737 MAX 10 -sources (601818, RY4B, UAL, BA, 500285)

Boeing, Airbus take dogfight to Paris Air Show

The deals could be announced as early as next week, when Boeing is likely to unveil plans for the Max 10 at the Paris Air Show. The Max 10 will seat as many as 230 passengers, roughly matching its European rival while burning 5 percent less fuel thanks to a lighter construction, Boeing says.

The Max series of jets are created to be a more fuel-efficient version of the workhorse 737, Boeing's most popular commercial plane.

"We are delighted to welcome Tibet Financial Leasing as a new Boeing customer and a launch customer of the newest 737 MAX family member", said Ihssane Mounir, senior vice president, Global Sales and Marketing, Boeing Commercial Airplanes.

Speaking on the sidelines of the Air Show, Boeing CEO Dennis Muilenburg explained the firm now has more than 4,000 737 airplanes in backlog.

The latest deal has brought CALC's outstanding order to 139 aircraft, which include 89 Airbus and 50 Boeing aircraft, enabling the company to deliver up to 226 aircraft by 2023.

Airbus's chief salesman John Leahy said in Mexico this month that the new Boeing plane looks "very marginal" and risks compromising range and performance for "a few extra seats".

Drag-reducing "scimitar" split wingtips have been used on Boeing's medium-haul Boeing 737 MAX, but never on a jetliner the size of the A380, which has a 79.9-metre (262-foot) wingspan.

While new civilian aircraft orders will probably fall short of the $130 billion the Paris show clocked up last time - mostly thanks to airlines ordering the latest fuel-efficient Boeing and Airbus aircraft - the industry is still optimistic about sustained growth.

Boeing said Monday its new airplane, the 737 MAX 10, will have the lowest seat mile cost of any single-aisle airplane ever produced and will be available in 2020.

The Indian aviation market is booming with aircraft orders as in January another low-priced airline GoAir had announced that it is buying 72 A320neo from Airbus for around United States dollars 7.7 billion.

For the Max 10, however, Boeing pledged on Monday that already had more than 240 orders secured for the larger 737 version.

CDB Leasing is the only leasing arm of the China Development Bank and a leading company in China's leasing industry that has been engaged in aircraft, infrastructure, ship, commercial vehicle and construction machinery leasing and enjoys a Chinese sovereign credit rating.

"I leave it to our customers to tell us if our family is right", said McAllister in a media roundtable here on Sunday.

The agreement, valued at $4.7 billion, is split evenly between 20 new orders for the 737 MAX 10 and conversions of 20 of the low-priced carrier's 737 MAX 8 airplanes from its existing order to 737 MAX 10s.

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