Boeing takes a swing at Airbus golden goose with bigger 737 Max

Industry sources said Airbus would also soon announce a large order for its A321neo, as well as one for 10 of its A350-900 wide-body jets. Boeing said it has already secured more than 240 commitments for the MAX 10, including MOUs from Indonesia's Lion Air for 50 and India's SpiceJet for 40.

"Simply put, the 737 MAX 10 will be the most profitable airplane the single-aisle sector has ever seen", said Boeing Commercial Airplanes President and CEO Kevin McAllister.

So what is this latest model of Boeing's best-selling airliner?

"Many airports are running out of capacity and for those airports this is a flawless aircraft", said Ajay Singh, the chairman of low-priced Indian airline SpiceJet, as his company signed a provisional deal to buy 40 MAX 10s. The entire 737 MAX family has been created to offer customers exceptional performance, flexibility and efficiency, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market.

While Airbus and Boeing dominate the world's civil aviation industry, the duopoly is not without challengers: Competition is looming, notably from Russian Federation and China, which have been test-flying their own mid-range models. The new model will seat between 180 and 230 passengers.

According to the state Department of Economic and Community Development (DECD), Connecticut's aeroparts producers-suppliers booked orders for more than $415 million in goods and services from the previous Paris and Farnborough, England, air shows.

Needle Action Activity Spotted in Boost Issuer PLC (SUK1.L)
Peel Hunt maintained Iomart Group Plc (LON:IOM) rating on Tuesday, December 1. 37 funds opened positions while 106 raised stakes. Price T Rowe Assoc Incorporated Md reported 43,600 shares. 653,236 are owned by Mitsubishi Ufj Tru & Banking Corporation.

Raising its previous forecasts for the next two decades, the European aircraft maker also said a slowdown in orders over the past several months did not signal a drop in the market.

His arrival was followed by a flypast by the world's largest passenger plane, the Airbus A380, and France's aerial display team.

"The trend is positive", said Airbus chief executive Fabrice Bregier.

Airbus earlier warned it expected slow orders this year and perhaps next year, too, but called it a normal part of the business cycle.

In another boost for a defence project, French President Emmanuel Macron was due to fly into the show on an Airbus A400M military transporter in his first official engagement since winning a parliamentary majority in elections on Sunday.

Some 200,000 member of the public are expected to visit the air show, which runs to June 25.

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