(MENAFN- ProactiveInvestors)Boeing (NYSE:BA) introduced its 737 Max 8 a new take on what has become the manufacturer's most ubiquitous airframe and a redemption of sorts after rocky introduction of the 787 Dreamliner in 2007. The 737 Max is the latest iteration of an aircraft first introduced in 1966. The airplane is on track for first flight in early 2016. The plane's features include new engines more-aerodynamic wings and winglets and cockpit displays borrowed from the 787. It's designed to burn 20% less fuel than the previous family of 737s unveiled in the 1990s and boast operating costs that are 8% less than Airbus Group SE's A320neo. Southwest Airlines (NYSE:LUV) is supposed to get the first delivery in mid-2017. The Max features new powerplants built by CFM a joint venture between General Electric and France's Snecma. Single-aisle jetliners are the airline industry's workhorses ferrying travelers on flights that last a few hours. Boeing had 4243 unfilled orders for both current and Max versions of the 737 as of the third quarter lagging behind the 5502 for Airbus's A320 family according to Bloomberg. Shares of the Seattle Washington-based company dropped 2.4% to $144.87 trimming this year's gain to 12%.
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