International Airlines Group signs massive Boeing 737 order in Paris

Airbus A321XLR. Image

Airbus A321XLR. Image

The aerospace industry's biggest annual event, which alternates with Britain's Farnborough Air Show, is traditionally a slugging match between Airbus and Boeing sales teams in the $150 billion a year commercial aircraft market.

McAllister did not say when the 737 MAX would return to service.

Earlier in the day, Boeing executive had said at the Paris Airshow it was open to looking at changing the name, Bloomberg reported.

"We are very confident that the three layers of protection we are planning with the software update will prevent anything like this happening again", McAllister said.

However, the cabin of an A320-series jet is typically pressurised to the equivalent of 7,000-8,000 feet above sea level, compared to an equivalent 6,000 feet for modern jets such as the Airbus A350 and Boeing 787.

Middle East Airlines then was announced as the launch airline customer of the new plane shortly after it was unveiled.

US President Donald Trump urged Boeing on April 15 to "Rebrand" its 737 MAX jetliner following two fatal crashes.

Mr Muilenburg called the crashes of the Lion Air and Ethiopian Airlines jets a "defining moment" for Boeing, but said he thought the result would be a "better and stronger company".

China: Debate on Hong Kong's Extradition Bill Is Postponed Again
Protests raging in Hong Kong are threatening to become yet another irritant in Canada's fraught relationship with China. They have no confidence in the Chinese legal system and are concerned how this may affect the Hong Kong legal system.

Boeing admitted engineers realised within months of the plane's 2017 debut that the sensor warning light only worked when paired with a separate, optional feature but did not report the issue for more than a year after the crash in Indonesia.

Boeing is working to submit a modified version of the aircraft's software and hopes to get the approval of the US Federal Aviation Administration (FAA) and its counterparts around the world.

I would expect he's also more than a little relieved - for sure, that's how Boeing's shareholders are feeling today.

However, IAG will have negotiated a substantial discount from the list price.

With the Max deal, Boeing has upended what looked to be a cake walk for Airbus at this year's Paris trade fair.

It is expected to confirm up to 200 orders for the new model, the A321XLR, at the show this week, according to Reuters.

The dealmaking could help to soothe investor nerves that a decade-long boom in demand for commercial aircraft is coming to an abrupt end, but volume remains lower than previous years.

Sources familiar with the matter say that American Airlines and leasing giant GECAS are also in talks to buy Airbus's new A321XLR, which is aimed at helping airlines deliver new routes with smaller planes and stealing a march on Boeing's own plans for a potential new mid-market jet.

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