(Adds detail, updates share price)
By Alwyn Scott
SEATTLE, March 8 Boeing Co defended its
proposed 737 MAX 10X aircraft on Wednesday, saying it has drawn
plaudits from numerous airlines and interest from parts
suppliers to rebut criticisms aired at an industry conference on
The comments showed Boeing's confidence about adding a fifth
model to its revamped 737 product line, despite concern
expressed by big leasing companies that it might have limited
appeal. The profitable 737 is Boeing's top-selling jet family
and is crucial to hitting financial targets Boeing has set.
"I'm frankly bullish on the airplane," Keith Leverkuhn, vice
president and general manager of Boeing's 737 MAX program, said
of the MAX 10X on a call with journalists.
"The conference down south at ISTAT was important," he
added, referring to the International Society of Transport
Aircraft Trading event in San Diego that ended on Tuesday.
But "we're listening to customers around the globe...many of
whom have expressed enthusiasm for it."
Leverkuhn said suppliers are willing to build components for
the MAX 10X, which needs taller landing gear to accommodate its
length. "Suppliers are always interested in extending the
capability of the (737) family," he said.
Boeing pitched the MAX 10X to battle huge sales of rival
Airbus' A321neo, which seats more passengers than the
737 MAX 9 that Boeing is already building. Boeing rolled the
first MAX 9 out of the factory on Tuesday, and plans to begin
delivering it next year.
The heads of two major aircraft leasing companies said at
ISTAT that the MAX 10X is not a thriller for their customers and
would eat into sales of other MAX models. Lessors
buy aircraft but don't operate them, meaning they have a
different perspective than airlines.
Boeing already is offering the MAX 10X to airlines, though
it has not yet formally decided to go ahead with it. Leverkuhn
said it would be a 66-inch (1.68 m) stretch of the MAX 9, adding
12 seats and giving the MAX 10X "eye-watering economics" versus
the Airbus A321neo. The plane would be timed to reach customers
in 2020, and would be developed after the other MAX models.
Leverkuhn said Boeing has built 13 MAX 8 jets, and held a
key meeting with regulators on Tuesday, meaning the model should
be certified soon so deliveries can begin in the second quarter.
Boeing shares were flat at $182.08 in midday trading on the
New York Stock Exchange.
(Reporting by Alwyn Scott; Editing by Andrea Ricci)