Published: Tue, June 18, 2019
Markets | By Otis Pena

Airbus to make new midsize long-range plane

Airbus to make new midsize long-range plane

An Airbus A330neo aircraft performs during the inauguration the 53rd International Paris Air Show at Le Bourget Airport near Paris, France.

Fox News senior judicial analyst Judge Andrew Napolitano with the latest on the fallout from the crashes of two Boeing 737 Max 8 jets.

If Boeing does change the Max's branding, it would be following a suggestion made two months ago by U.S. President Donald Trump, who tweeted that the company should "rebrand the plane with a new name".

"We are delighted that the IAG team recognised the superior qualities of the 737 Max and has indicated an intention to return to the Boeing 737 family".

Pilots also expressed anger that Boeing did not inform them about the new software that was implicated in the fatal crashes.

Before the Paris Air Show began, Boeing CEO Dennis Muilenburg said that he was disappointed that his company failed to disclose more about the failed safety feature at the center of both crashes.

Pilots were already anxious about the safety of the model following the October 2018 crash in Indonesia of a Lion Air 737 MAX 8 that killed 189 people.

"The Max remains an excellent aircraft, offering operating efficiencies and range advantages that airlines will continue to find compelling", Unnikrishnan said.

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Another card in the A321XLR's hand: it could open up non-stop flights to and even between smaller cities which couldn't justify larger twin-aisle jets such as the Airbus A330 or Boeing 787 series, and which would otherwise require a stopover.

Boeing said IAG, whose single-aisle fleet is now made up nearly exclusively of Airbus A320 aircraft, was turning to the 737 MAX "as part of diversifying its future fleet to spur competition".

IAG said it planned for the mix of 737-8 and 737-10 aircraft to be delivered between 2023 and 2027.

Boeing shares rose more than 2.8% after the announcement.

After the Ethiopian crash, Boeing's fleet of 737 MAX planes were grounded. Walsh stressed it was up to up to the US and global regulators to review the fix.

Airbus says that 30 percent figure comes based on the rates of competitors from previous generation aircraft. But given Walsh's track record, and Boeing's commitment to fix the airplane, Unnikrishnan said he expects IAG will go through.

Other Boeing executives also stressed the company's focus on safety and condolences to victims' families. Before announcing its Boeing Max deal, industry powerhouse IAG signed a firm order with Airbus for new A321XLR long-range jets, for its airlines Aer Lingus and Iberia.

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