Kuwait's ALAFCO orders 20 Boeing 737 Max 8s worth $2.2bn

Gladys Abbott
June 20, 2017

With the Airbus A321neo outselling the MAX 9 five-to-one, Boeing's loyal customers like Korean Air pressed them for a larger variant of the MAX 9, so Boeing went back to the drawing board.

The Max 10 is 66 inches longer than the Max 9 at 143ft 8in (43.8m), but its slightly bigger passenger capacity means its range is 300 nautical miles less than the 3,515 of the Max 8 and 9.

The airplane has gained wide market acceptance with more than 240 orders and commitments secured from more than 10 customers worldwide.

Boeing also announced its first order for 10 of the aircraft from jet leasing firm BOC Aviation in a deal worth United States dollars 1.25 billion (1.12 billion euros).

Muscat: Boeing has raised its forecast for new airplane demand, projecting the need for 41,030 new airplanes over the next 20 years valued at $6.1 trillion dollars.

The 737 MAX 10 is a single-aisle jet which can carry up to 230 people in a single-class configuration. The company touts it as the lowest seat cost of any single-aisle aircraft now on the market.

For a look at the evolution of Boeing's B737 aircraft, which celebrates its 50th birthday this year, see Snapshot in the July / August edition of Business Traveller. Next in the queue to buy big at Boeing was SpiceJet which announced a commitment for forty 737 MAX aeroplanes, worth roughly 4.2 billion euros.

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Boeing, however, is expected to say at the Paris show that demand for mammoth planes such as the A380 and its own 747 is moribund.

While new civilian aircraft orders will probably fall short of the Dollars 130 billion the Paris show clocked up last time - mostly thanks to booming orders for Boeing and Airbus - the industry is still optimistic about sustained growth.

It suggested that much of the interest in the MAX 10 was from existing Boeing customers switching orders from other models.

The plane will also get taller landing gear to help resolve balance and tail-skid issues that cropped up with the 737-900ER, Keith Leverkuhn, general manager of the Max program, said in an interview at the show site at Le Bourget Airport on Sunday. That would indicate a list price of around $125 million for the MAX 10.

According to CNN, Boeing's board of directors gave the go-ahead to develop the new "super-stretched version" of the MAX. This latest announcement brings ACG's total 737 MAX order to 80 aircraft.

UK-based leisure airline Monarch announced an order for 15 additional 737 MAX 8s, valued at $1.7 billion at current list prices.

Speaking on the topic, CEO McAllister said, "We are working very closely with a large number of customers, with offers on the table ..."

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