Boeing launches new jet as Macron opens Paris show

"Passenger traffic has been very strong so far this year, and we expect to see it grow 4.7 percent each year over the next two decades", said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes.

Boeing will this week show off a 737 MAX 9, which has struggled to attract customers. They compete with Airbus planes in the A320-neo family, aiming at a similar short- to mid-range market. TUI Group, Europe's largest tour operator, also converted orders for 18 aircraft.

Boeing made the announcement for its new "737 Max 10" Monday at the Paris Air Show.

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Romanian low-priced carrier Blue Air has placed an order for six 737 MAXs 8 aircraft with U.S. aviation corporation Boeing. Changes to the cabin will allow airlines to add another 80 seats to the aircraft that carry about 500 passengers on average without reducing comfort. Of those MAX 10 orders, six were conversions from a previous order for MAX 8s. The 737 MAX 10 will plug a gap in Boeing's portfolio at the top end of the market for single-aisle jets.

Boeing's list price for those 94 new orders is about $11.7 billion. The deal is valued at $1.8 billion at current list prices.

The Max 10 is the fifth member of Boeing's single-aisle aircraft series and the third of the Max family. Even when equipped with an auxiliary fuel tank, the MAX 10 has a range of 3,700 miles, which can't match the extended-range A321neo LR's claimed 4,600-mile range. With corporate offices in Chicago, Boeing supports airlines and USA and allied government customers in 150 countries and employs approximately 150,000 people across the United States and in more than 65 countries around the world. "It's an airplane that is a littler larger than the other airplanes in our MAX family", he said. For the last four consecutive years, FlightStats has recognized Copa as "Best Airline in Latin America " for its on-time performance and service quality, and, for the last two consecutive years, the "Second Best in The World", by OAG. In 2016, the national carrier announced an order for 25 737 MAXs.

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India's SpiceJet airlines immediately announced it would buy 40 737 MAX airplanes.

The biggest event in the aviation industry kicked off Monday, with French President Emmanuel Macron flying into the Paris Air Show aboard an Airbus A400M military transporter.

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