Boeing Abandons New Aircraft Design, Chooses to Re-Engine 737 to Compete with Airbus

Boeing’s Board of Directors approved the launch of the re-engined 737 MAX on August 30, 2011, abandoning plans to develop an entirely new aircraft design. The decision came after Airbus launched the A320neo in December 2010 and captured 1,029 orders by June 2011, including a historic defection …