updated 7/19/2005 8:32:53 AM ET 2005-07-19T12:32:53

The Boeing Co. launched a new version of its narrow-body 737 jet on Monday, as it completed a 30-plane sales agreement with Lion Air, a low-cost Indonesian carrier.

The 737-900ER, formerly known as the 737-900X, is designed to carry more passengers and fly farther than existing models of the single-aisle plane.

Chicago-based Boeing said Lion Air's order, which included purchase rights for another 30 planes, was worth $3.9 billion at list prices, though airlines typically negotiate substantial discounts.

The new plane will be the same size as the current 737-900, but will carry an additional 26 passengers, boosting the maximum capacity to 215 in a single class.

Aerodynamic and structural design changes, including stronger wings and improvements to the leading- and trailing-edge flap systems, will increase the plane's range to roughly 3,680 miles, up from 3,160.

The first 737-900ER is scheduled for delivery in the first half of 2007.

Copyright 2005 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 2.43%
$30K home equity loan FICO 5.80%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com