🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Lion Air could help launch Boeing 737 MAX 10: sources

Published 06/05/2017, 06:27 PM
Updated 06/05/2017, 06:30 PM
© Reuters. A Lion Air plane taxis after landing at Denpassar international airport in Bali
BA
-
SPJT
-

CANCUN, Mexico/JAKARTA (Reuters) - Indonesian budget carrier Lion Air may be a launch customer for the Boeing (N:BA) 737 MAX 10, a larger version of the planemaker's medium-haul family that is expected to be launched at the Paris Airshow, three people familiar with the plans said.

The order may, however, include some upgrades from a smaller model, two of them said.

The two companies declined to comment.

Indian budget carrier SpiceJet (BO:SPJT) is also among carriers seen as potential targets for the aircraft, a version designed to seat up to 230 people and blunt strong sales of the Airbus A321neo, two of the sources said.

SpiceJet could not immediately be reached for comment.

Lion Air, which is one of Boeing's largest customers, ordered 201 Boeing 737 MAX aircraft in 2012 and placed options for a further 150.

Such orders typically include the right to convert between different variants of each model.

Other airlines are looking at the Boeing 737 MAX 10, but some are nervous about committing to a new variant given patchy sales of some current models of the 737 MAX, whose success rests mainly on sales of the Boeing 737 MAX 8, the sources said.

At least one Chinese leasing company is said to be in negotiations with both manufacturers as Airbus tries to disrupt the launch, which sources say is planned for the June 19-25 air show. Airbus declined to comment on any ongoing negotiations.

Airbus sales chief John Leahy earlier criticized the 737 MAX 10 as a "marginal" airplane, implying sales would be poor.

Boeing marketing vice president Randy Tinseth told Reuters some airlines want more seats than existing versions and that the MAX 10 would be 5 percent more efficient than the Airbus A321neo. Airbus says its own plane is more efficient.

© Reuters. A Lion Air plane taxis after landing at Denpassar international airport in Bali

"It (the 737 MAX 10) is not a me-too airplane. We are focusing on a better airplane," Tinseth said on the sidelines of the International Air Travel Association annual meeting in Cancun, Mexico.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.