Boeing to unveil modified version of 737 MAX 10
American aviation major Boeing has signaled its intent to unveil a modified version of its 737 MAX 10 aircraft at the opening of the Paris Airshow on Monday this week.
The 190-230-seat 737 MAX 10 aircraft will boast more seats and a revamped landing gear. The new version of the narrow body medium-haul family will help the plane manufacturer to plug the existing gap against Airbus.
Boeing Commercial Airplanes CEO Kevin McAllister also dismissed concerns by financiers regarding fragmentation of the 737 MAX-family into five separate models.
Speaking on the topic, CEO McAllister said, “We are working very closely with a large number of customers, with offers on the table … There is significant demand for each model.”
Analysts have predicted that the world will need as many as 41,000 commercial planes over the next two decades. The estimated figure represents an increase of 4 per cent from last year's Boeing forecast. Last week, Airbus forecast 34,899 commercial jets over the same period.
The Chicago-based aircraft maker is expected to announce more details at the imminent Paris Airshow.
European Commission President Jean-Claude Juncker’s proposal to expand Eurozone by bringing more countries into it has triggered controversy, mainly in Germany, where Chancellor Angela Merkel is seeking re-election.
Wall Street soared to record highs on Friday, thanks to robust trading in telecommunication shares as well as bouncing back of technology shares after a couple of days of declines.
The European Union’s effort to increase tax on turnover of technology multinationals like Google and Amazon gained momentum as nearly one third of EU states are now in support of the plan, French Finance Minister Bruno Le Maire said on Friday.
Stock price of electric vehicle maker Tesla gained more than 3 per cent on Thursday, after the company’s founder and CEO Elon Musk confirmed plans to introduce an electric semi-truck.
Bitcoin suffered its steepest decline since January 2015 on Friday after a senior executive of China’s state-backed internet finance body said the controversial digital currency could pose risks because Bitcoins and other cryptocurrencies could be
Cupertino, California-based Apple Incorporated has quietly increased prices for the 256GB and 512GB models of its iPad Pro by $50, MacRumors reported.