Within ten years both firms must replace their ageing single-aisle workhorses, the A320 and 737.
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It permits an extra aisle, which makes boarding and alighting much faster than on a single-aisle B737.
It said the Next Generation 737 was "the most fuel-efficient and reliable" single-aisle plane in the market.
Though growth is expected to be primarily in single-aisle aircraft, long-haul airplane traffic is anticipated to continue to grow at approximately 4.5% per year as well.
As of December 31, 2011, it had a fleet of 102 aircraft comprising 81 single- aisle jet aircraft, 19 twin-aisle wide body aircraft, and 2 turboprop aircraft.
Even as the whole world is watching the performance of the much awaited Dreamliner aircraft, Boeing is preparing for yet another moneymaker in the single-aisle aircraft segment.
Several airlines now fly single-aisle 757s on "thin" transatlantic routes.
Like Airbus, Boeing has a big backlog of single-aisle orders.
The C919 is China's answer to the Airbus A320 and Boeing 737 -- a single-aisle, 168-seat, narrow-body commercial liner produced by Chinese state-run aircraft manufacturer Comac (Commercial Aircraft Corporation of China).
Boeing was entirely outdone in the single-aisle aircraft market.
Airbus signed agreements for the purchase of 88 A320 single-aisle aircraft with China Aviation Supplies Company (CAS) and ICBC Financial Leasing Co, Airbus said in a press release posted on its website on June 28.
The geared turbofan has put Pratt in the enviable position of supplying the most power plants for the most popular airliners for the next couple of decades: single-aisle jets that will absorb much of the travel boom in emerging markets.
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