Boeing unveils plans for new version of 737 Max

Boeing, Airbus take dogfight to Paris Air Show

Lockheed Martin is in the final stages of negotiating a $37 billion-plus deal to sell 440 F-35 fighter jets to a group of 11 nations including the United States, two people familiar with the matter told Reuters.

USA servicemen gather next to a F-35 Lightning II at Paris Air Show, on the eve of its opening, in Le Bourget, east of Paris, France, Sunday, June 18, 2017.

F-35 demos, featuring the F-35A made for the U.S. Air Force, are also scheduled throughout the week.

The Gurgaon-based no-frills airline had earlier this year announced that it will purchase up to 205 new aircraft (including 55 from the 2014 order) from Boeing with the order valued at Dollars 22 billion.

The deal could be announced at the Paris Airshow and follows a competition against rival Boeing's 737 MAX.

U.S. President Donald Trump has called North Atlantic Treaty Organisation obsolete and excoriated European allies last month for not spending enough on their own defenses. Since early May, five F-35 pilots have reported symptoms consistent with hypoxia, or oxygen deprivation, after flying five different F-35 jets. The plane's back-up oxygen worked and the pilots were able to land safely, but a team of specialists were "digging into this problem 24 hours a day", Mr Canterbury said. While Airbus and Boeing will again hog the spotlight at the Paris Air Show with their battle for ever-larger slices of the lucrative pie in the sky, a lot of the really interesting stuff will be going on elsewhere at next week's massive biennial aviation and defense industry gathering.

After years of booming orders driven by increased air travel and more fuel-efficient planes, passenger jetmakers are bracing for a slowdown in demand while they focus on meeting tight delivery schedules and ambitious production targets.

Airbus hit back, saying it had an order for 100 of its A321neo planes from leasing firm GECAS and 12 more from Air Lease Corporation.

The President Is Not Under Investigation: Trump Attorney
Schiff said Trump, his legal team and his supporters were trying to discredit the special counsel and his investigation. Earlier on Friday, Trump said he was being investigated for firing former FBI Director James Comey .

(AP Photo/Michel Euler). Aircrafts gather at the tarmac of the Paris Air Show, on the eve of its opening, in Le Bourget, east of Paris, France, Sunday, June 18, 2017.

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. As these planes can carry more passengers, they have attracted interest from low-priced airlines as well as carriers looking to exploit their range that allows them to make flights across the Atlantic.

Monarch Airlines has exercised an option on a further 15 Boeing 737 MAX 8 jets, at a value of $1.7bn at current prices.

The budget carrier had in 2014 placed an order for 55 737 MAX jets with Boeing.

The MAX 10 will be the largest of the updated 737 series, which competes head on with Airbus's A320 neo family.

The F-35 flew briefly at the Farnborough Air Show a year ago but chose Paris for its worldwide debut acrobatic demonstration.

Macron landed Monday at the Bourget airfield in an Airbus A400-M military transport plane to launch the aviation showcase, where the latest Boeing and Airbus passenger jets will vie for attention with an F-35 warplane, drones and other and high-tech hardware.

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