Malaysian Airline System Bhd. plans to order as many as 100 planes, a person familiar with the matter said, as the carrier seeks new aircraft to fend off competition that contributed to three straight annual losses.
Airbus Group NV and Boeing Co. spent a week with Asian companies sounding more like cocktails than airlines, some of which didn’t exist a year ago, highlighting the region’s status as one of the most dynamic aircraft markets.
Boeing Co. is speeding up efforts for upgrades of the twin-aisle 777 jet, including a roomier interior, raising the possibility that the revised model will be introduced before the stretch version of the 787.
Boeing Co. said growth in industry plane deliveries will slow in the next 20 years as demand for jumbo jets and freighters wanes, with the global fleet expanding at less than a fifth of the rate predicted in 2011.
Boeing Co. landed the first buyer in Asia for the new 777X jet with a $7.5 billion sale to Cathay Pacific Airways Ltd., widening the customer base for a plane pivotal to staying ahead of Airbus SAS in the long-haul market.