Airlines in other regions, such as India and South America, are also buying thousands of new planes as the growing middle classes find air travel within their reach.
However, the race between Boeing and Airbus for orders at the Paris Air Show may be of less importance as both plane makers focus on how to get through their massive backlog of orders. While the 737 remains the best-selling commercial aircraft of all time, Airbus recently has enjoyed an edge in the market for such singe-aisle jets, "outselling the US plane maker roughly five to one in sales for the biggest single-aisle jets", according to CNN.
The airplane has gained wide market acceptance with more than 240 orders and commitments secured from more than 10 customers worldwide.
In a game where very high fuel prices are fading into recent history, real purchase prices are said to make or break deals rather than claims of margins of technical or design superiority.
SpiceJet and Boeing [NYSE:BA] today signed a memorandum of understanding for 40 737 MAX airplanes.
President Macron flew into the show aboard an Airbus A400M military transporter in his first official engagement since winning a parliamentary majority in elections on Sunday. The 787-10, a simple stretch of its older 787-9 sibling, is assembled exclusively in North Charleston because its fuselage is too large to transport across country.
Boeing announced plans Monday for a new, longer version of its 737 Max, the Max-10, with more flexibility and seating space.
Rare Two-Year UK Parliamentary Session
Theresa May still has to get the 2017 Queen's Speech out of the way before she needs to start worrying about the 2018 event. The Queen's Speech will be cancelled next year, for only the second time in recent history.
However, after three straight years with fewer orders than deliveries, Boeing ended May with 670 unfilled orders for the 787 family.
Boeing is increasing 737 production from 42 to 47 planes a month by the end of this year and will reach 57 annually by 2020 to meet demand, Mr Muilenburg says.
In response, Boeing has designed the 737 Max 10 to be larger than its previous model in order to increase passenger capacity.
"Airlines wanted a larger, better option in the large single-aisle segment with the operating advantages of the 737 MAX family", said Kevin McAllister, CEO of Boeing Commercial Airplanes, in a prepared statement.
Lion Air announces commitment for 50 737 MAX 10s, worth about $6.24 billion at list prices. In November 2015, Jet had announced the order for 75 737 MAX single-aisle aircraft from Boeing for Dollars 8,250 million while IndiGo in August same year firmed up a USD 25.7 billion order for 250 A320neo aircraft.
Previous year at the 2016 Farnborough International Airshow, Norwegian committed to Global Fleet Care (formerly known as GoldCare) coverage for its 737 MAX fleet and expanded coverage for the airline's entire 787 fleet. The plane's back-up oxygen worked and the pilots were able to land safely, but a team of specialists were "digging into this problem 24 hours a day", Mr Canterbury said.