Boeing takes a swing at Airbus with bigger seven hundred thirty-seven Max

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Source:   —  June 19, 2017, at 8:00 AM

Boeing said Monday that its board of directors has given the green light to expand a new super-stretched version of its single-aisle seven hundred thirty-seven Max.

Boeing takes a swing at Airbus with bigger seven hundred thirty-seven Max

Boeing said Monday that its board of directors has given the green light to expand a new super-stretched version of its single-aisle seven hundred thirty-seven Max.

Boeing (BA) wants to punch back at Airbus (EADSF), which is outselling the U. S. plane maker roughly five to one in sales for the biggest single-aisle jets.

So what's this latest model of Boeing'south best-selling airliner? The seven hundred thirty-seven Max ten is five-and-a-half feet longer than its current seven hundred thirty-seven Max nine to squeeze more seats. The Max nine typically seats one hundred seventy-eight. The new model will seat between one hundred eighty and two hundred thirty passengers.

Related: Boeing chases airlines on stretch seven hundred thirty-seven

As portion of the new move -- announced at the Paris Air Show -- Boeing said it'll unveil later this week orders and commitments for more than two hundred forty seven hundred thirty-seven Max ten jets from more than ten customers. With those orders in hand, Boeing and its engineers will have the jet prepared for airlines in two thousand-twentieth.

Boeing has around 3.700 orders for the whole Max family. But its largest jet, the seven hundred thirty-seven Max nine, which is making its debut here this week, has been a negligible seller versus the A321neo. The seven hundred thirty-seven Max nine is expected to be delivered to airlines in two thousand-eighteenth.

But airlines wanted more seats on the jet and Boeing went back to the drawing board for a new model.

"Our customers told us to construct it bigger," said Kevin McAllister, Boeing Commercial Airplane chief executive Kevin McAllister on Monday.

The first member of the Max family, the Max eight, entered service latest month, flying with a Malaysian low-cost airline, Malindo Air. Boeing is promising airlines a fourteen percent reduce in fuel usage, primarily due to its two new engines and aerodynamic improvements.

Related: Paris Air Show two thousand seventeen: What to expect

The Max ten is the fifth member of Boeing'south family of single-aisle aircraft and the third model launched in as many years. That raised questions among Wall Str and airlines about whether Boeing is stretching its workhorse jet too distant to compete with Airbus.

"I leave it to our customers to tell us if our family is right," said McAllister in a media roundtable here on Sunday. The Max ten "looks grand and we've got a lot of customers interested."

Airlines are increasingly selecting bigger single-aisle jets. They made up more than forty percent of Airbus'south single-aisle jet deliveries in two thousand-sixteenth, up from just thirteen percent in two thousand-tenth. Airlines love American Airlines, JetBlue Airways and Delta Air Lines have made the A321 a workhorse in the United States on transcontinental routes.

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