Boeing sees no “compelling” reason to offer an upgrade on the engines of its popular 737 single-aisle jetliner, Jim Albaugh, the head of Boeing’s commercial aircraft division told the Financial Times.
He believes most airlines would prefer to wait a few more years for planemakers to develop a new model that could be up to 20 percent more efficient.
Albaugh’s remarks come after Airbus’ announcement that it will offer new engines on its A320 family of airplanes.
Re-engined Airbus planes would cost about $6 million more, the Financial Times reports. Airlines’ costs would also rise because they would have a new type of engine to maintain.
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Boeing and Airbus, which have dominated the single-aisle market, face new competition from Bombardier and from China. They have been debating whether to upgrade engines on their existing single-aisle models or build all-new planes.
Albaugh told the Financial Times that Boeing’s final decision on the engines will be made sometime next year.