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Boeing announces new version of 737, slew of orders at Paris Air Show

Boeing 737-MAX 10 aircraft (Photo: Boeing Media)

PARIS -- Boeing is announcing plans for a new, longer version of its 737 Max jet at the Paris Air Show in hopes of boosting orders for the single-aisle plane in its race with European rival Airbus.

The CEO of Boeing's commercial planes operations, Kevin McAllister, said Monday that the 737 Max-10 will offer customers more flexibility and seating space. It is expected to cost a bit more than the 737 Max-9, which runs at $119 million according to list prices.

Boeing will this week show off a 737 Max-9, which has struggled to attract customers.

The Max series of jets are designed to be a more fuel-efficient version of the workhorse 737, Boeing's most popular commercial plane. They compete with Airbus planes in the A320-neo family, aiming at a similar short- to mid-range market.

Meanwhile, their sales team has also been busy and has announced the following new orders at the Paris Air Show:

  • Lion Air Group said it will by 50 737 MAX 10s, valued at $6.24 billion at list prices.
  • Norwegian Air has agreed to purchase an additional two 737 MAX 8 aircraft, bringing their total order to 110 737 MAX 8s
  • Kuwait-based Aviation Lease and Finance Company has announced an order of 20 737 MAX 8s
  • AerCap announced it was buying 30 787-9 Dreamliners which will make it the largest customer of the 787s
  • SpiceJet of India signed a deal for 40 737 MAX planes, split between 20 737 MAX 10s and 737 MAX 8s
  • Tibet Financial Leasing announces commitment for 20 737 MAX planes
  • UPS says it will convert 3 Boeing 767s into freighter configurations
  • GE Capital Aviation Services says it is converting an order of 20 737 MAX planes to the new -10 version
  • BOC Aviation Limited agreed in principal to a deal for 10 737 MAX 10s

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