More 'lift' for Malaysia Airlines

Posted June 26, 2017

Tibet Financial Leasing announces commitment for 20 737 MAX jets, including 737 MAX 10 and 737 MAX 8 airplanes, valued at about $2.5 billion at list prices.

Sales chief Ihssane Mounir said the USA planemaker had netted 147 new orders or commitments for the newly launched Boeing 737 MAX 10, created to add more capacity to the medium-haul series to catch up with strong sales of the Airbus A321neo.

Boeing has announced the launch of the 737 MAX 10 as the newest member of the 737 MAX family. The updated order is worth USD$1.85 billion at list prices. With aerodynamic improvements, Airbus said the aircraft would be 13% cheaper to operate on a per-seat basis from current models. "As competition and our business continue to grow, the superior efficiency and additional capacity of the 737 MAX 10 will allow us to keep differentiating ourselves and offer the best all-inclusive business and economy fares to our loyal passengers".

But analysts expect demand at the June 19-25 event to fall short of recent years, and some aviation companies themselves have cut back staff and hospitality at the show.

Boeing on Monday unveiled a new version of its best-selling 737 aircraft, injecting life into a faltering civil aviation market as French President Emmanuel Macron flew in to open the world's biggest air show in Paris.

Separately, another Chinese carrier, Donghai Airlines, opted to convert an earlier order for 10 smaller Max jets to 10 Max 10s, as did Malaysia Airlines, while Panama's Copa Airlines converted an order for 15.

The company thus became the first Boeing 737 MAX operator in Romania. Delivery to airlines like United Airlines, British Airways and launch customer Singapore Airlines will begin next year.

Asked if Airbus had lost momentum after years in which it often trounced Boeing at annual industry gatherings, sales chief John Leahy said the slowdown in orders had been expected.

For the industry, their popularity begs a vital question: how do you make sure that swarms of new machines don't endanger each other, other users of the skies and people on the ground as they do everything from patrolling traffic blackspots to, possibly, delivering your burger and fries?

CALC ordered another 35 different MAX models in addition to its MAX 10 order and Okay Airways another seven MAX 8s.