SpiceJet signs deal to buy 40 Boeing 737 MAX 10 jets

Chicago-based Boeing’s 20-year forecast calls for 29,530 new narrowbody planes to make it into customer hands.

United Airlines, which will become the largest single 737 MAX 10 customer in the world, said it expected the delivery of the first of the planes in late 2020.

Boeing Commercial Airplanes President Kevin McAllister poses with a model of 737 MAX 10, during the 52nd Paris Air Show at Le Bourget Airport near Paris, France June 20, 2017. Airbus’ U.S. -listed shares weren’t active early. China Aircraft Leasing Group is buying 50 of the USA narrowbodies, while Ryanair Holdings PLC, Europe’s largest airline by passengers, added 10 commitments for 737s.

In total, Boeing and Airbus announced more than $114 billion in new business. While Airbus and Boeing dominate the world’s civil aviation industry, the duopoly is not without challengers: competition is looming, notably from Russian Federation and China, which have been test-flying their own midrange models.

United also announced an order for four additional 777-300ER aircraft. However, executives at Airbus say that the Max 10 is a bigger threat to other models from Boeing than to the Airbus Neo.

“Frankly, we look at the demand for really big airplanes and we find it hard to believe that Airbus will be able to deliver the rest of their A380s in backlog”, Boeing Marketing Vice-President Randy Tinseth said in a briefing.

By late afternoon Boeing had one firm order, Airbus had signed for two, while the rest of the world’s airframers on hand in Paris fell nearly quiet in terms of commercial announcements. Boeing said it will work closely with the airline and “relevant stakeholders” to finalize the agreement, which requires the approval of Xiamen Airlines’ board of directors, the China Southern Airlines Company’s board of directors and the Chinese Government. However, interest in those models has declined as more airlines have focused on cheaper, more nimble aircraft. Declining demand for A380s has also seen Airbus recently contemplate slowing down production of its plane.

GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, has signed a firm order for 100 A320neo Family aircraft at the 52nd International Paris Air Show.

Sources said on Sunday the European company was close too to clinching a deal worth about $5 billion with low-priced carrier Viva Air Peru.

He expressed confidence the A380 would secure further orders once demand for big planes recovers.

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