Boeing said Monday that its board of directors has given the green light to develop a new super-stretched version of its single-aisle 737 Max.
Boeing (BA) wants to punch back at Airbus (EADSF), which is outselling the U.S. plane maker roughly five to one in sales for the biggest single-aisle jets.
So what is this latest model of Boeing’s best-selling airliner? The 737 Max 10 is five-and-a-half feet longer than its current 737 Max 9 to squeeze more seats. The Max 9 typically seats 178. The new model will seat between 180 and 230 passengers.
Airlines are increasingly selecting bigger single-aisle jets. They made up more than 40% of Airbus’s single-aisle jet deliveries in 2016, up from just 13% in 2010. Airlines like American Airlines, JetBlue Airways and Delta Air Lines have made the A321 a workhorse in the United States on transcontinental routes. Read more at CNN.