Mauritania Airlines Orders One Boeing 737 MAX 8

Javier Howell
June 27, 2017

Leahy said he was not anxious about an order for 100 Boeing 737 MAX 10s from United Airlines, converted from other models.

"It is getting a big endorsement from airlines and that is leading to more lessors endorsing it too", Ihssane Mounir, Boeing vice president for sales and marketing, told reporters.

After years of booming orders driven by increased air travel and more fuel-efficient planes, passenger jetmakers are bracing for a slowdown in demand while they focus on meeting tight delivery schedules and ambitious production targets.

Malaysia Airlines has been on the lookout to purchase 25 to 30 new wide-body jets, but has so far been unable to agree on a price for the planes. For the last four consecutive years, FlightStats has recognized Copa Airlines as "Best Airline in Latin America" for its on-time performance and service quality, and, for the last two consecutive years, Copa Airlines was recognized as "The World's Second Most On-Time Airline", by OAG.

The move is aimed at helping Boeing compete with Europe's Airbus SE. "I think the rest of their product line is going to be cannibalised by that aircraft", Leahy said of the 737 MAX 10.

Boeing unveiled a new model of its best-selling 737 aircraft on Monday, injecting life into a faltering civil aviation market as French President Emmanuel Macron flew in to open the world's biggest airshow in Paris.

Other 737 MAX 10 customers include Copa Airlines (NYSE:CPA), Lion Air Group, Malaysia Airlines, AerCap Holdings (NYSE:AER) and General Electric's (NYSE:GE) aircraft leasing unit.

Analysts also estimated Boeing's shares to likely trade downward by the end of this week's Paris Air Show.

A similar plane is the rival Airbus' A330neo but Delaney said Boeing's jet could cut flying costs by as much as 45 percent.

United Airlines stated a day following the launch of the 737 Max 10 that it would change 100 of its 737 Max orders with the newest version of its 737 workhorse.

Boeing and Mauritania Airlines today announced an order for one 737 MAX 8 airplane at the 2017 Paris Air Show. The Max family of planes is oversold through 2020, and capacity is finite for the model favored by budget carriers, Slattery said in an interview.

Meanwhile, Boeing's only firm order came from Israel's El Al, which signed for two 787-8s and a single 787-9, firming a commitment originally announced in 2015.

Other reports by Insurance News

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