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Pin to quick picksInternational Airlines Share News (IAG)

Share Price Information for International Airlines (IAG)

London Stock Exchange
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Share Price: 169.50
Bid: 168.95
Ask: 169.05
Change: -0.30 (-0.18%)
Spread: 0.10 (0.059%)
Open: 165.20
High: 170.10
Low: 162.15
Prev. Close: 169.80
IAG Live PriceLast checked at -

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UPDATE 1-Largest Boeing 737 MAX model set for maiden flight

Fri, 18th Jun 2021 14:18

(Adds BA landing gear incident, background, sales)

By Eric M. Johnson

SEATTLE, June 18 (Reuters) - Boeing Co prepared to
stage a maiden flight of the largest member its 737 MAX family
on Friday, in a further step towards recovering from the safety
grounding of a smaller model.

The first voyage of the 737 MAX 10, expected around 10 a.m.
local time (1700 GMT) in the Seattle area, heralds months of
testing and certification before it enters service in 2023.

In an unusual departure from the PR buzz surrounding first
flights, the event was being kept deliberately low-key as Boeing
tries to navigate overlapping crises caused by the 20-month
grounding in the wake of two crashes and the COVID-19 pandemic.

Boeing's 230-seat 737-10 is designed to close the gap
between its 178-to-220-seat 737-9, and Airbus's
185-to-240-seat A321neo, which dominates the top end of the
narrowbody jet market, worth some $3.5 trillion over 20 years.

However, the market opportunity for the 737 MAX 10 is
constrained by the jet's range of 3,300 nautical miles (6,100
km), which falls short of the A321neo's 4,000 nm.

Boeing must also complete safety certification of the plane
under a tougher regulatory climate following two fatal crashes
of a smaller 737 MAX version grounded the model for nearly two
years - with a safety ban still in place in China.

Boeing has carried out design and training changes on the
MAX family, which returned to U.S. operations in December.

While the smaller MAX 8 is Boeing's fastest-selling jet,
slow sales of the MAX 9 and 10 models have put Boeing at a
disadvantage to the A321neo.

Boeing has abandoned plans to tinker with the 737 MAX 10
design, but is weighing a bolder plan to replace the
single-aisle 757, which overlaps with the top end of the MAX
family.

Even so, Boeing says it is confident in the MAX 10 and it is
stepping up efforts to sell more of the jet, with key targets
including Ireland's Ryanair.

Customers include United Airlines with 100 on order.
Although sources say United is weighing a new order for at least
100 or even up to 200 MAX, its requirement for large
single-aisles will be served by Airbus - reinforcing the market
split.

Friday's flight will showcase a revamped landing gear system
illustrating an industry battle to squeeze as much mileage as
possible out of the current generation of single-aisles.

It raises the landing gear's height during take-off and
landing, a design needed to compensate for the MAX 10's extra
length and prevent the tail scraping the runway on take-off.

Separately, British authorities said they had launched an
investigation after the nose gear of a British Airways
Boeing 787 used for freight collapsed while on the tarmac at
London's Heathrow on Friday. Nobody was hurt.
(Reporting by Eric M. Johnson in Seattle
Additional reporting by Tim Hepher Editing by Leslie Adler and
Mark Potter)

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