Boeing hits Airbus with $30 billion orders for 737 Max 10 Jet

PARIS: Boeing is set to receive orders and commitments worth roughly $ 30 billion for the stretched Max 10 upgrade of the 737 workhorses, as its first new jet in almost four years counters Airbus SE’s headstart at the largest end of the single-aisle airliner market.

The biggest 737 variants is set to get more than 240 orders from at least 10 different carriers, Boeing said at the highly anticipated launch announcement on Monday at the Paris Air Show.

The US planemaker is confident the model can carve out sales and stem customer defections to the Airbus A321neo, which has racked up a considerable order lead since its introduction three years ago.

Airbus fired back, securing an order worth about $10.8 billion at list prices from lessor GE Capital Aviation Services for 100 Neo planes, including the smaller A320 version. “We think the timing’s just right” for the stretched version of the 737, said Boeing CEO Dennis Muilenburg.