Tuesday, 17 July, 2018

Boeing wins Paris order race after launching new model

Preston Stone | 27 June, 2017, 02:59

The agreement led to the number of Max 10s order included in the air show to as much as 320 which was more than expected while about half were conversions and fundamental new orders and commitments for Boeing was almost 160.

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.

"This order is yet another endorsement for the 737 MAX from one of our African customers", said Van Rex Gallard, vice president of Sales for Africa, Latin America and the Caribbean, Boeing Commercial Airplanes. Boeing is relying on the Max 10 to stem customer defections to the A321neo, which has racked up a considerable order lead since its introduction three years ago. The single largest new firm order for the plane came from lessor Aviation Capital for 20 737-10s.

United has now ordered a total of 18 777-300ERs and began taking delivery of the aircraft past year. Copa Airlines will be the first airline in the region to operate the 737 MAX on deep-South American and North American routes.

By late afternoon Boeing had one firm order, Airbus had signed for two, while the rest of the world's airframers on hand in Paris fell nearly quiet in terms of commercial announcements.

Once again, the bulk of Wednesday's contracts involved single-aisle airplanes, and again Boeing's 737 Max 10 drew headlines, leading with a 10-aircraft MOU with Xiamen Airlines worth $1.2 billion. At 18 feet (5.5 meters) longer than the 787-9, it has room for 40 additional passengers in a typical configuration and 15 percent more cargo.

Boeing said it has secured 361 orders and commitments for the MAX 10 this week, including 147 incremental orders (not conversions from other MAX variants).

Boeing's overall tally is higher partly because it counts aircraft with 90 seats or more, whereas Airbus starts at 100.

Other 737 MAX 10 customers include Copa Airlines (NYSE:CPA), Lion Air Group, Malaysia Airlines, AerCap Holdings (NYSE:AER) and General Electric's (NYSE:GE) aircraft leasing unit. Much air cargo nowadays goes in the belly of wide-body passenger planes rather than freighters.

Going into the fourth trade day of the Paris Airshow, Boeing was ahead on net, new orders and commitments after launching a new version of its 737 MAX family of planes.

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