Boeing Will Try To Catch Up To Airbus With Bigger 737 Max

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Boeing Dreamliner 787 planes sit on the production line at the company's final assembly facility in North Charleston, South Carolina, on Dec. 6, 2016. MUST CREDIT: Bloomberg photo by Travis Dove.

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.

{Matzav}

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