Boeing launches 737 MAX 10 with 240 orders, commitments

First, Airbus announced a firm order for 100 A320neos, the aircraft maker's single-aisle competitor to Boeing's 737 MAX family, from GE Capital Aviation Services (GECAS), a division of General Electric Co.

AerCap said Monday it will order 30 787-9 models, making it the largest Dreamliner customer.

SpiceJet, which was briefly forced to ground its fleet in late 2014 when it ran out of cash, is the fourth-largest Indian airline behind InterGlobe Aviation's IndiGo, Jet Airways and state-run Air India.

He added that "the 240 orders were more than had been expected - and less than advertised".

The Max 10 will seat as many as 230 passengers, roughly matching its European rival while burning 5% less fuel thanks to a lighter construction, Boeing says.

The 737 MAX continues to be the fastest-selling airplane in Boeing history, accumulating more than 3,700 orders to date.

After years of booming orders, driven by rising air travel and more fuel-efficient planes, passenger jetmakers are bracing for a slowdown in demand while they focus on meeting tight delivery schedules and ambitious production targets.

The airshow comes a little too early for either Russian Federation s Irkut, with its MC-21, or China s Comac, with the much-flagged C919, to be able to showcase their aircraft there, but both will leave little doubt that they expect to win a big slice of the aviation pie in the future.

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Boeing Inc. on Monday revealed its extended-length 737 Max 10 model with the aim to directly compete with Airbus's A321 series.

SpiceJet and Boeing [NYSE:BA] today signed a memorandum of understanding for 40 737 MAX airplanes.

"We think the timing's just right" for the Max 10, Chief Executive Officer Dennis Muilenburg said in an interview with Bloomberg Television at the show. Together with aerodynamic improvements, Airbus said the planes will be 13 percent cheaper to operate on a per seat basis from current models.

The world will need 41,000 commercial jets over the next 20 years, he said, a 4 percent increase from last year's Boeing forecast.

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

One of the stars of the air show is the cutting-edge F35, which gave its first aerobatic display on Monday, following a brief appearance at Farnborough past year.

One star performer will be Lockheed Martin's F-35A new generation fighter jet, scheduled to sortie on demonstration flights during the airshow. Through last week, the test planes had logged more than 271 hours in the air, with the longest flight to date the 8 hour, 54 minute trip from Seattle to Le Bourget Airport for the show.

Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021.

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