Boeing lifts 20-year industry demand forecast

Boeing lifts 20-year industry demand forecast

Boeing lifts 20-year industry demand forecast

"We are delighted to announce Blue Air as Romania's first 737 MAX customer", Boeing Commercial Airplanes vice president for European sales Monty Oliver said. It also added a memorandum of understanding from Chinese domestic Riuli Airlines for 20 737 MAX 8 aircraft.

"The 737 MAX with 197 seats provides Ryanair with the flawless solution for its additional capacity requirements as it strives to carry 200 million passengers per year by the middle of the next decade", said Ihssane Mounir, senior vice president, Global Sales & Marketing, Boeing Commercial Airplanes.

XAutoplay: On | Off But Vertical Research Partners said Wednesday that "a staggering 64%" of Boeing's total orders at the show are nonfirm agreements.

Asian and Iranian airlines provided the bulk of the new orders. SpiceJet will take delivery of its first 737 MAX in 2018.

Boeing's total somewhat surpasses Airbus' as it counts aircrafts with 90 seats and above while its French rival starts at 100 seats.

The company scrambled to put together the Max 10 in response to the demand from airlines for more fuel-efficient planes carrying more passengers.

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Prior to the lease and the new orders placed to Boeing, Blue Air operated a fleet of 25 Boeing 737 aircraft.

Boeing now has over 240 orders and commitments for the 737 Max 10 its latest and largest model at the price of about $30 billion including Monday and Tuesday's announcements.

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

Malaysia Airlines has operated nearly every derivative of the 737 airplane family and now operates more than 50 Next-Generation 737s.

Leahy said he had expected the new Boeing plane to make more of a splash. The company suggested much of the interest in the MAX 10 was from existing Boeing customers switching orders from other models. Speaking to Reuters on day three of the June 19-25 show, Leahy said: "We will have some orders today, but today's isn't going to be one of our record air shows".

Airbus SE booked 144 firm orders at the Paris Air Show and secured deals for another 182 airliners, including commitments early Thursday from Iranian carriers that still require government approvals.

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