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Boeing studying business case for new mid-sized jet, says official

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DUBAI: Boeing is deepening its study of a proposed new mid-market aircraft as it prepares to decide whether to bring the project to market, a senior executive said on Saturday.


Kevin McAllister, Chief Executive of Boeing Commercial Airplanes, said a team at the US planemaker would be exploring the business plan in detail, including how the aircraft would be produced, over the next few months.


Referring to the cost of building the possible new jet, which is expected to carry some 220-270 passengers, he said, “We know the box we have got to get into and we are working towards it.” There is no timeframe for making a decision, he added.


“We like how it is shaping up. We are just down to a spot where we want to put some structure around the right business plan and that includes the right production system,” he added.


Boeing has had a good year for wide-body aircraft orders and “the year is not over,” McAllister said, adding Boeing was seeing good interest for long-range models including its newest 787-10. The current version of 777 is sold out in 2018 and Boeing is making “good progress” for 2019 as it seeks to fill delivery slots until the new 777X model comes out from 2020, he added. — Reuters


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