SpiceJet Commits To Buy Boeing's 737 MAX 10 Planes Worth $4.7 Billion

21 June 2017, 02:07 | Isaac Mcdaniel

SpiceJet Commits To Buy Boeing's 737 MAX 10 Planes Worth $4.7 Billion

SpiceJet Commits To Buy Boeing's 737 MAX 10 Planes Worth $4.7 Billion

Boeing soared into the 2017 Paris Air Show with two commercial airliners so new, they had barely been seen by the public before.

By mid-Monday, Boeing had announced that 288 airplanes from 12 customers had been ordered including 60 to CDB Aviation, the airline leasing arm of China Development Bank.

Separately, Ryanair, announced the purchase of 10 more Boeing 737 Max 200 Gamechanger aircraft, five of which will deliver in the first half of 2019, with the second five delivering in the first half of 2020.

"The order will be posted to the Boeing Orders & Deliveries website once finalised".

"The 737 MAX 10 extends the competitive advantage of the 737 MAX family and we're honoured that so many customers across the world have embraced the outstanding value it will bring to their fleets", said Boeing Commercial Airplanes president and CEO Kevin McAllister. "It is getting a big endorsement from airlines and that is leading to more lessons endorsing it too", Ihssane Mounir, Boeing vice president of sales and marketing, told reporters.

- GECAS also converted a previous order, switching 20 737 MAXs to the bigger MAX 10.

UK PM May said wants broader consensus on Brexit plan
During the election campaign, May had used the "coalition of chaos" phrase to describe what a victory for Labour would look like. The election, which was aimed at increasing the Conservative majority in the Commons, resulted in the party having 13 fewer MPs.

Yahoo CEO Marissa Mayer Resigns As Verizon Completes $4.5 Billion Purchase
In a news release earlier this year, Verizon described the combined AOL-Yahoo as a $7 billion business. The deal marks the end of Yahoo as an independent company, a stint which lasted over 20 years.

Stanley Cup Finals: Conor Sheary scores on birthday, Phil Kessel adds on
But what the Predators do have is a roster full of players who are capable of collectively stepping up and taking a game over. After being outshot 97 to 67 in the first three games of the series, the Penguins have tightened things up in the last two.

The 787-10 is the third version of Boeing 787 Dreamliner family.

AerCap announces order for 30 787-9 Dreamliners worth $8.1 billion at list prices. Year-to-date, BA has gained 29.96%, versus a 9.93% rise in the benchmark S&P 500 index during the same period.

Boeing also released long-term forecasts on the services market and new aircraft demand.

Boeing's head of airplane developments also told Reuters he was "very optimistic" of pressing ahead with a mid-market jet project created to open up new routes from the middle of the next decade. However, China's growth is slowing somewhat, and Boeing pulled back its 20-year forecast for average global traffic growth to 4.7 per cent from 4.8 per cent. "(Boeing's) the explanation is we'll fly more flights. Boeing is promising airlines a 14% decrease in fuel usage, primarily due to its two new engines and aerodynamic improvements. As these planes can carry more passengers, they have attracted interest from low-priced airlines as well as carriers looking to exploit their range that allows them to make flights across the Atlantic.

The Boeing and Airbus outlooks are broadly similar, though the US manufacturer counts smaller planes not in its rival's outlook.

Boeing stock jumped 1.3% on Monday to close at $199.08, after posting a new 52-week high of $199.47 earlier in the day. Shares traded up another 0.4% in Tuesday's premarket at $199.83.



Other News

Trending Now

Darjeeling: Normal life paralysed; GJM-sponsored all-party meet today
Both union home minister Rajnath Singh and home secretary Rajiv Mehrishi have spoken to the state administration over the issue. The agitators, who are mainly from the GJM, are demanding a separate state of Gorkhaland to be carved out of West Bengal .

Shooter went to GOP baseball practice with list of names
The hospital's chief trauma doctor has said Scalise faced "an imminent risk of death" at the time he was brought in. Hodgkinson had a history of posting angry messages against Trump and other Republicans on social media.

Wallenda discusses hanging by her teeth over Niagara Falls
Wallenda bit onto a customized mouthpiece that was attached to the bottom of a black helicopter hovering over the Horseshoe Falls. In the interim, he said, he hoped more people would come visit the area as a result of the publicity afforded his wife's stunt.

Catholic bishops welcome latest setback for Trump's travel ban
The Supreme Court is now being asked to lift the stays and accept the case for oral argument. Customs and Border Protection headquarters in Washington, U.S., March 7, 2017.

Arrest warrants issued for Turkish agents, others in DC melee
Neither the State Department nor the Turkish Embassy have commented on the new wave of arrests as of Thursday afternoon. Yildirim is in custody after an initial appearance before a federal magistrate in Newark, a spokesman for the U.S.

This Is Why A Congressman Is Officially Proposing Impeaching President Trump
House Minority Leader Nancy Pelosi (D-Calif.) has warned there aren't enough facts to pursue impeachment proceedings for now. Attorney Preet Bharara said there is evidence to begin a case for obstruction of justice against Trump .

'Wonder Woman' buries 'The Mummy' at box office
That franchise was well-received by fans and performed well at the box office - much better than the current film is doing. Executives at Universal have said the performance of " The Mummy " won't sway their plans for other films in development.

New smart speaker expected as Apple kicks off conference
In its update on the next operating system to hit iPhones - iOS 11 - new tools will be given to developers to create AR apps. It, too, comes with a built-in speaker and voice controls through the smart assistant Google Assistant .

Chris Carter is back at first base Saturday in NY
The Yankees extended the lead to 14-0 with one out in the fifth when Judge lined a double to left field off Edwin Jackson . This win came against an Oriole team that Montgomery failed to make it out of the fifth inning against 11 days ago.

Enhance connectivity without infringing sovereignty: Modi at SCO
Xi also congratulated India on becoming a member of the SCO and expressed hope that two would work together to strengthen the Eurasian grouping.