Boeing Company, in response to Airbus made a competitive offering, announced that it will soon be rolling out a modified 737, the best selling plane from the manufacturer.
The narrowbody will have more efficiency as well as a new engine. The company mentioned that it had received orders for five airlines, for four hundred and ninety six of the new Boeings from five airlines.
The name of the new model will be 737 Max, and will be in competition with the newly redeveloped A320neo family of planes from Airbus, a European company. The Airbus model is similar and has fuel saving engines. The Airbus fleet will be delivered in 2015.
The Boeing jet will be fitted with engines from CFM international, which is jointly ventured into by Safran from France, and General Electric. The renewed engine plan [...]