{"id":3969,"date":"2019-03-07T06:32:40","date_gmt":"2019-03-07T12:32:40","guid":{"rendered":"http:\/\/planesintheair.com\/?p=3969"},"modified":"2019-03-07T06:32:45","modified_gmt":"2019-03-07T12:32:45","slug":"air-lease-says-boeing-going-full-speed-ahead-on-midsized-jet","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=3969","title":{"rendered":"Air Lease Says Boeing Going ‘Full Speed Ahead’ on Midsized Jet"},"content":{"rendered":"\n

(Reuters) – Boeing Co is indicating “full speed ahead” for a new midsized airplane in what would be the first all-new jet program for the world’s biggest planemaker in more than a decade, Air Lease Corp’s chief executive, John Plueger, said on Wednesday.<\/p>\n\n\n\n

Boeing reiterated on Wednesday that it will make a decision in 2020 on whether to launch the plane, which aims to address the middle of the jet market between traditional narrowbody jets with one aisle and long-distance widebody planes. It can start seeking offers in 2019, subject to launch.<\/p>\n\n\n\n

“Boeing is signalling full speed ahead but there’s still a lot to be decided in these programs,” Plueger said at a conference, noting the company had met with Boeing in Seattle on Friday.<\/p>\n\n\n\n

In an emailed statement, Boeing said it is still working through the business case for the new jet, adding: “If we decide to offer the airplane and the market responds positively, we will proceed with a launch decision sometime in 2020.”<\/p>\n\n\n\n

Air Lease, one of the largest aircraft lessors, said it sees interest in Boeing’s proposed mid-market aircraft from airlines, some of which are looking for longer range while others, such as Asian carriers, seek the lowest possible cost per seat kilometre.<\/p>\n\n\n\n

Still, Boeing is taking a “thoughtful approach” to the potential project following a series of cost overruns and delays with its last jet program, the 787, and has yet to discuss possible pricing, Air Lease Executive Chairman Steven Udvar-Hazy said.<\/p>\n\n\n\n

Air Lease will meet on Saturday with Airbus SE, which is preparing to counter the potential new jet by Boeing with a new version of its A321 and the larger A330neo.<\/p>\n\n\n\n

While Boeing and Airbus have traditionally launched new jets alongside purchase commitments from airlines, interest by aircraft lessors like Air Lease is forming an increasingly important role in the decision-making process, industry sources have said.<\/p>\n\n\n\n

Delta Air Lines Chief Executive Ed Bastian said on Monday that it is interested in a mid-market aircraft from Boeing to replace 200 757 and 767 aircraft over the next decade.<\/p>\n\n\n\n

Last month, Rolls-Royce dropped out of the race to power Boeing’s planned jet, strengthening a leading position in the high-profile contest for a transatlantic venture involving General Electric Co and France’s Safran.<\/p>\n\n\n\n

“Somebody had to drop out and the competition at this point is progressing normally,” Plueger said.<\/p>\n\n\n\n

Pratt & Whitney is also a potential supplier for the new Boeing jet.<\/p>\n\n\n\n

(Reporting by Tracy Rucinski in Chicago; Editing by Matthew Lewis)<\/p>\n\n\n\n

\"\"
Interest is rising for Boeing’s new 757 replacement jet!<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Boeing Co is indicating “full speed ahead” for a new midsized airplane in what would be the first all-new jet program for the world’s biggest planemaker in more than a decade, Air Lease Corp’s chief executive, John Plueger, said on Wednesday.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[798,797,89,799,2203,1397,868,1103],"tags":[376,269,42,238,739,539,47,464,118,3642,41,988,3697,246,99,3640,463,2030,2893,589,2886,2462,3698,3641,276,718,412,2887,526,1288,2504,2505,712,2563,2892,527],"class_list":["post-3969","post","type-post","status-publish","format-standard","hentry","category-airbus-news","category-airline-news","category-aviation-news","category-boeing-news","category-finance-news","category-stock-news","category-transportation-news","category-travel-news","tag-376","tag-269","tag-42","tag-a321","tag-a330","tag-air","tag-airbus","tag-aircraft","tag-airlines","tag-bastian","tag-boeing","tag-business","tag-case","tag-delta","tag-dreamliner","tag-ed","tag-electric","tag-general","tag-hazy","tag-jet","tag-john","tag-lease","tag-midmarket","tag-midsized","tag-neo","tag-new","tag-news","tag-plueger","tag-pratt","tag-reuters","tag-rolls","tag-royce","tag-safran","tag-steven","tag-udvar","tag-whitney"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/3969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3969"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/3969\/revisions"}],"predecessor-version":[{"id":3971,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/3969\/revisions\/3971"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}