Business Corpus: Airbus Could Outflank A Brand New Boeing Jet Before It Even ArrivesAn extra-long-range Airbus A320 neo could be on the market before Boeing's new midrange "797" plane, according to reports. The post Airbus Could Outflank A Brand New Boeing Jet Before It Even Arrives appeared first on Investor's Business Daily.

[Collection]

An extra-long-range Airbus (EADSY) A320 neo could be on the market before Boeing's (BA) proposed new "797" new midmarket airplane.

For years, Boeing has been mulling a new midrange plane, which analysts have dubbed the Boeing 797, to counter market-share gains made by the Airbus 320 neo.

If Boeing decides to move forward with it, management has said it wouldn't reach the market until 2025. Now Airbus' countermove to Boeing's countermove could actually come first.

An extra-long-range Airbus A320 neo could be ready by 2023, Air Transat, a Canadian low-cost airline, told Bloomberg.

Air Transat CEO Jean-Francois Lemay said aircraft-leasing giant AerCap (AER) has also been briefed by Airbus about the potential extra-long-range Airbus A320 neo.

While few details are known about the possible plane, Lemay said the proposed Airbus jet could reach Croatia from Air Transat's hub in Montreal, Quebec. With that range, it could be a replacement for aging Boeing 757s and 767s.

Airbus' U.S.-listed shares jumped 3.6%, to 29.07, on the stock market today. Boeing rose 0.8% to 360.84.

Boeing 797 vs. Airbus A320

Boeing is already facing heavy competition from the Airbus A320 neo. A longer-range version would put even more pressure on the American aerospace giant to commit to a new midrange plane.

The company is reportedly considering development of two twin-aisle, midrange planes for the Boeing 797: the NMA-6X would seat 228 passengers and have a range of 5,000 nautical miles, and the NMA-7X, which would seat 267 in two classes but its range would be 800 nautical miles shorter.

CEO Dennis Muilenburg said earlier this year that the company won't make a decision on a Boeing 797 until 2019. The company still needs to complete a review of the business case for a new, clean-sheet-design aircraft class. Analysts estimate that Boeing would need to invest $100 billion to build it.

YOU MIGHT BE INTERESTED IN:

Defense And Aerospace Stocks To Watch And Industry News

Boeing, Dow Jones Industrial Stocks Are No Safe Haven

The post Airbus Could Outflank A Brand New Boeing Jet Before It Even Arrives appeared first on Investor's Business Daily.