Boeing Just Got a 737 MAX Order From British Airways' Owner

Boeing CEO admits 'mistake' made in handling cockpit warning system before fatal crashes

Airbus A321XLR

Several executives at the Paris Air Show vowed to improve transparency over plane safety in the wake of the 737 MAX crashes, while also pledging to reduce emissions for an industry increasingly in the public spotlight.

This week, the Paris Air Show kicks off.

"We'll get it back in the air when it's safe - that is the most important thing here", Muilenburg said.

Boeing depends heavily on the aircraft and has said it is costing at least US$1 billion to address problems with the troubled jet.

Analysts expect anything from 400 to 800 commercial aircraft orders and commitments at the show, compared with 959 at Farnborough past year, though it can be hard to identify truly new business against firmed-up commitments and switched models.

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At the start of the show, Boeing's head of commercial aircraft Kevin McAllister apologised for the crashes.

- A number of countries have banned Boeing's 737 MAX 8 medium-haul workhorse jet from their airspace in response to the Ethiopian Airlines crash that killed all 157 people on board.

'What do I know about branding, maybe nothing (but I did become President!), but if I were Boeing, I would FIX the Boeing 737 MAX, add some additional great features, & REBRAND the plane with a new name, ' Trump wrote.

Boeing officials have faced a barrage of questions over the 737 MAX disasters, thought to be caused by a faulty MCAS anti-stall system.

The Boeing stock was up 2.23 percent on Monday.

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Airlines rarely pay anything close to the list price - carriers often get half off - and here IAG may have done better.

News of the deal, worth more than $24 billion (£19.1 billion) at list prices, sent shockwaves round the world's largest air show which had struggled to find its rhythm amid the 737 MAX crisis and concerns about an economic slowdown.

The biggest deal of the day for the French aircraft manufacturer was with Air Lease Corporation, a Los Angeles-based aircraft leasing company, who signed letters of intent for 100 Airbus aircraft, including 50 A220-300, 27 of the new A321XLRs and incremental orders for 23 A321neos.

"It was very helpful to see it in operation and understand the changes Boeing were proposing", Walsh said.

The dealmaking could help to soothe investor nerves that a decade-long boom in demand for commercial aircraft is coming to an abrupt end, but volume remains lower than previous years.

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Before announcing its Boeing Max deal, industry powerhouse IAG signed a firm order with Airbus for new A321XLR long-range jets, for its airlines Aer Lingus and Iberia.

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