STOCK TITAN

Luxair Selects Largest Boeing 737 MAX Model, Buying up to 4 737-10 Jets

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Boeing [NYSE: BA] and Luxair have announced a new order for two 737-10 airplanes with options for two more. This follows Luxair's purchase of 737-7 and 737-8 models last year. The 737-10, the largest in the MAX family, offers the best economics of any single-aisle jet. Luxair CEO Gilles Feith stated that this investment supports the airline's growth plans and fleet decarbonization efforts.

The 737 MAX family reduces fuel use and carbon emissions by 20% compared to previous models. Luxair plans to configure its 737-10s to carry up to 213 passengers with a minimum 30-inch seat pitch, covering routes up to 5,740 km. This order will provide Luxair with increased flexibility in its fleet operations, allowing it to match aircraft size to market demand efficiently.

Boeing [NYSE: BA] e Luxair hanno annunciato un nuovo ordine per due aerei 737-10 con opzioni per ulteriori due. Ciò segue l'acquisto da parte di Luxair dei modelli 737-7 e 737-8 lo scorso anno. Il 737-10, il più grande della famiglia MAX, offre la migliore economia di qualsiasi jet a corridoio singolo. Il CEO di Luxair, Gilles Feith, ha dichiarato che questo investimento supporta i piani di crescita della compagnia aerea e gli sforzi per la decarbonizzazione della flotta.

La famiglia 737 MAX riduce il consumo di carburante e le emissioni di carbonio del 20% rispetto ai modelli precedenti. Luxair prevede di configurare i suoi 737-10 per trasportare fino a 213 passeggeri con una distanza minima tra le sedute di 30 pollici, coprendo rotte fino a 5.740 km. Questo ordine fornirà a Luxair una maggiore flessibilità nelle operazioni della flotta, permettendo di adattare la dimensione degli aerei alla domanda di mercato in modo efficiente.

Boeing [NYSE: BA] y Luxair han anunciado un nuevo pedido de dos aviones 737-10 con opciones para dos más. Esto sigue a la compra por parte de Luxair de los modelos 737-7 y 737-8 el año pasado. El 737-10, el más grande de la familia MAX, ofrece la mejor economía de cualquier avión de un solo pasillo. El CEO de Luxair, Gilles Feith, declaró que esta inversión apoya los planes de crecimiento de la aerolínea y los esfuerzos de descarbonización de la flota.

La familia 737 MAX reduce el consumo de combustible y las emisiones de carbono en un 20% en comparación con los modelos anteriores. Luxair planea configurar sus 737-10 para llevar hasta 213 pasajeros con un espaciamiento mínimo de asientos de 30 pulgadas, cubriendo rutas de hasta 5,740 km. Este pedido proporcionará a Luxair mayor flexibilidad en sus operaciones de flota, permitiendo ajustar el tamaño de la aeronave a la demanda del mercado de manera eficiente.

Boeing [NYSE: BA]와 Luxair는 2대의 737-10 항공기에 대한 새로운 주문과 추가 2대 옵션을 발표했습니다. 이는 지난해 Luxair가 737-7 및 737-8 모델을 구매한 데 따른 것입니다. 737-10은 MAX 시리즈 중 가장 크며 단일 통로 항공기 중 가장 우수한 경제성을 제공합니다. Luxair의 CEO인 Gilles Feith는 이번 투자가 항공사의 성장 계획과 항공기 탈탄소화 노력에 도움이 된다고 밝혔습니다.

737 MAX 계열은 이전 모델에 비해 연료 사용 및 탄소 배출을 20% 감소시킵니다. Luxair는 213명의 승객을 수용할 수 있도록 737-10을 구성할 계획이며, 최소 30인치 좌석 간격을 유지하며 최대 5,740km의 노선을 커버합니다. 이번 주문은 Luxair에게 플릿 운영에서 더 큰 유연성을 제공하여 시장 수요에 맞춰 항공기 크기를 효율적으로 조정할 수 있게 합니다.

Boeing [NYSE: BA] et Luxair ont annoncé une nouvelle commande de deux avions 737-10 avec des options pour deux de plus. Cela fait suite à l'achat par Luxair des modèles 737-7 et 737-8 l'an dernier. Le 737-10, le plus grand de la famille MAX, offre la meilleure économie de tous les avions à couloir unique. Le PDG de Luxair, Gilles Feith, a déclaré que cet investissement soutenait les plans de croissance de la compagnie aérienne ainsi que les efforts de décarbonisation de la flotte.

La famille 737 MAX réduit la consommation de carburant et les émissions de carbone de 20% par rapport aux modèles précédents. Luxair prévoit de configurer ses 737-10 pour transporter jusqu'à 213 passagers avec un espacement minimal des sièges de 30 pouces, couvrant des itinéraires allant jusqu'à 5 740 km. Cette commande offrira à Luxair une plus grande flexibilité dans ses opérations de flotte, lui permettant d'adapter la taille des avions à la demande du marché de manière efficace.

Boeing [NYSE: BA] und Luxair haben eine neue Bestellung über zwei 737-10 Flugzeuge mit Optionen für zwei weitere angekündigt. Dies folgt auf den Kauf von 737-7 und 737-8 Modellen durch Luxair im letzten Jahr. Die 737-10, das größte Modell der MAX-Serie, bietet die beste Wirtschaftlichkeit aller Single-Aisle-Jets. Der CEO von Luxair, Gilles Feith, erklärte, dass diese Investition die Wachstumspläne der Fluggesellschaft und die Bemühungen um die Dekarbonisierung der Flotte unterstützt.

Die 737 MAX Familie reduziert den Treibstoffverbrauch und die CO2-Emissionen um 20% im Vergleich zu früheren Modellen. Luxair plant, ihre 737-10 so auszulegen, dass sie bis zu 213 Passagiere mit einem minimalen Sitzabstand von 30 Zoll befördern kann, und sie wird Strecken von bis zu 5.740 km abdecken. Diese Bestellung wird Luxair mehr Flexibilität in den Flottenoperationen bieten, sodass die Größe der Flugzeuge effizient an die Marktnachfrage angepasst werden kann.

Positive
  • Boeing secured an order for two 737-10 airplanes with options for two more from Luxair
  • The 737-10 offers the best economics of any single-aisle jet, potentially improving Luxair's operational efficiency
  • 737 MAX family reduces fuel use and carbon emissions by 20% compared to previous models, enhancing environmental sustainability
  • Luxair's 737-10 configuration allows for up to 213 passengers, increasing capacity on routes up to 5,740 km
  • The order provides Luxair with increased fleet flexibility, potentially optimizing operations and profitability
Negative
  • None.

The purchase of additional Boeing 737-10 jets by Luxair is a noteworthy development for investors. From a financial perspective, this decision signals Luxair's commitment to long-term growth and fleet modernization. The 737-10 model offers operational cost savings, enhanced fuel efficiency and lower carbon emissions, which are critical factors in the current market environment. For Boeing, this order strengthens its commercial airplane backlog and reinforces its position in the regional airline market, which is experiencing a resurgence post-pandemic. Investors should consider the potential revenue and profit margins improvements for Boeing as a result of this deal, along with the strategic advantages Luxair gains by updating its fleet with newer, more efficient models.

Luxair's decision to expand its fleet with Boeing 737-10 jets is significant in the aviation industry. The 737-10 is the largest model in the 737 MAX family and is designed for optimal operational efficiency. This move allows Luxair to better compete in the European market by offering higher capacity and longer range. Furthermore, the commonality between the different 737 models in Luxair's fleet enables streamlined maintenance and training processes, leading to cost efficiencies. This strategic decision also aligns with broader industry trends towards fleet modernization and sustainability, as the 737-10 boasts impressive fuel savings and reduced emissions. For Boeing, securing this order reinforces confidence in the 737 MAX program and highlights its appeal to regional carriers looking to modernize.

From a market research perspective, Luxair's purchase of the Boeing 737-10 jets indicates a strong demand for advanced, fuel-efficient aircraft in the regional airline sector. This decision aligns with the rising trend in leisure travel and the increasing emphasis on sustainability within the aviation industry. The 737-10's capacity to carry up to 213 passengers with a competitive seat pitch positions Luxair to capitalize on the growing market for leisure travel while maintaining operational efficiency. Additionally, the 737-10's range capability will allow Luxair to service more distant routes, enhancing its route network and potential revenue streams. For investors, this is a positive indicator of Luxair's growth strategy and Boeing's product alignment with market demands.

FARNBOROUGH, United Kingdom, July 22, 2024 /PRNewswire/ -- Boeing [NYSE: BA] and Luxair announced today the European regional carrier is again ordering a new member of the 737 MAX family to power its sustainable growth. A year after purchasing the 737-7 and 737-8 models, Luxair has now placed an order for two 737-10 airplanes with options for two more. The 737-10 is the largest model in the MAX family and provides the best economics of any single-aisle jet.

"The purchase of the 737-10 is another step towards Luxair positioning for its future with the investment in the latest airplane technology that will support Luxair's growth plans and the decarbonization of our fleet. There is high commonality between the 737 MAX models, and this allows for significant operational savings for the airline," said Gilles Feith, Luxair CEO.

"In addition to reducing overall fuel use and emissions, the 737 MAXs will help create a 50 percent smaller noise footprint by reducing noise generated by takeoffs and landings at Luxembourg Airport."

The 737 MAX family reduces fuel use and carbon emissions 20 percent compared to the airplane it replaces, providing operators greater efficiency along with fleet commonality. With the 737-10's size, operators can carry more passengers and realize the lowest cost per seat of any single-aisle airplane.

Luxair plans to operate its new 737-10s to offer passengers a minimum of 30-inch seat pitch. In this configuration, the airline can fly up to 213 passengers on routes stretching 5,740 km (3,100 nautical miles), resulting in more capacity and range to capitalize on growing leisure travel.

"With three members of the 737 MAX family in its fleet, Luxair will have the flexibility to use the right-size airplane according to the market demand," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "We appreciate Luxair for choosing the 737-10 to support its growth and improve the passenger experience, while realizing the benefits of operating an increasingly fuel-efficient fleet."

Luxair currently operates a regional fleet of 21 airplanes, including two leased 737-8s and eight Next-Generation 737s. Luxair has expanded its route network by 30% in the past two years, serving 94 destinations.

Founded in 1961, Luxair is a key player in the economy of the Grand Duchy of Luxembourg and the surrounding Greater Region. Passenger air transport is probably the most well-known activity of the general public. Luxair offers fast air service to most major cities, business centres and international hubs in Europe. The airline offers maximum flexibility to its business customers and quality travel to its leisure customers. Luxair's tour operator offers a wide range of packages and themed holidays through its tourism division. Luxair is also the provider of airport services at Luxembourg Airport and its air cargo division handles all kinds of goods with ease and efficiency.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality and integrity. Join our team and find your purpose at boeing.com/careers.

Contact

Boeing Media Relations
media@boeing.com 

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/luxair-selects-largest-boeing-737-max-model-buying-up-to-4-737-10-jets-302202614.html

SOURCE Boeing

FAQ

How many 737-10 airplanes has Luxair ordered from Boeing (BA)?

Luxair has ordered two 737-10 airplanes from Boeing with options for two more.

What are the fuel efficiency improvements of the Boeing 737 MAX family?

The Boeing 737 MAX family reduces fuel use and carbon emissions by 20% compared to the airplanes it replaces.

What is the passenger capacity of Luxair's planned 737-10 configuration?

Luxair plans to configure its 737-10s to carry up to 213 passengers with a minimum 30-inch seat pitch.

What is the range of the 737-10 in Luxair's configuration?

In Luxair's configuration, the 737-10 can fly routes stretching up to 5,740 km (3,100 nautical miles).

How has Luxair's route network expanded in recent years?

Luxair has expanded its route network by 30% in the past two years, now serving 94 destinations.

Boeing Company

NYSE:BA

BA Rankings

BA Latest News

BA Stock Data

97.22B
616.17M
0.14%
67.59%
1.98%
Aerospace & Defense
Aircraft
Link
United States of America
ARLINGTON