Boeing projects a demand for 7,240 new airplanes in China over the next 20 years with a total value of nearly $1.1 trillion dollars, according to its annual China Current Market Outlook (CMO). Airplane demand had also rose 6.3% over last year’s forecast. On a global scale, Boeing projects the need for 41,030 new commercial airplanes over the next 20 years, that is valued at $6.1 trillion dollars. "China's continuous economic growth, significant investment in infrastructure, growing … [Read more...] about Boeing raises forecast for airplane demand in China
B737 MAX 8
Malaysia Airlines orders 25 B737 MAX 8s
Malaysia Airlines announced today an order for 25 B737 MAX 8 aircraft, valued at US$2.75 billion at current list prices. The order also includes purchase rights for additional B737 MAX 8 and B737 MAX 9s. Malaysia Airlines currently operates 56 737-800s. "This deal is a game-changer for Malaysia Airlines with much lower costs and greater efficiency which we will pass on to our loyal customers with lower fares," said Malaysia Airlines CEO Peter Bellew. "With the 737 MAX's longer range … [Read more...] about Malaysia Airlines orders 25 B737 MAX 8s
Garuda orders 50 B737 MAX 8s
Garuda Indonesia has ordered 50 B737 MAX 8s, valued at US$4.9 billion. Boeing said that the carrier will purchase 46 737 MAX 8s and convert existing orders for four 737-800s to 737 MAX 8s. This revitalisation programme is due to the end of the lease term for the airline’s existing 12-year-average B737-800NG aircraft. Garuda will take delivery of its new B737 MAX 8 aircraft in stages, starting from 2017 through to 2023. The MAXs will be powered by CFM International LEAP-1Bs, the … [Read more...] about Garuda orders 50 B737 MAX 8s
Ethiopian places US$2.1B order for B737
Boeing and Ethiopian Airlines announced an order for 20 B737 MAX 8s. The order, previously unidentified on the Boeing Orders & Deliveries website, is worth more than US$2.1 billion at list prices and also includes options and purchase rights for a further 15 B737 MAX 8s. The order represents the largest single Boeing order by number of aircraft from an African carrier. The B737 MAX incorporates the latest technology CFM International LEAP-1B engines, advanced technology winglets and … [Read more...] about Ethiopian places US$2.1B order for B737
