Boeing Co.’s Marketing VP Confident New Mid-Market Jet Can Enter Service by 2025

A senior Boeing Co. (BA) executive said Wednesday he was confident of a new aircraft – a hybrid jet combining a wide cabin and a restricted cargo space – with the potential to carve out new routes would be ready to enter service in 2025, but stressed the company would not be rushed into a decision, according to a report from Reuters.

Shares of Boeing climbed almost 1% intraday.

Ihssane Mounir, senior vice-president for commercial sales and marketing at Boeing, was cited as saying Boeing would “protect” the targeted 2025 date for entry into service, which some analysts see as ideally suited to planned replacement cycles.

Mounir declined to say when Boeing could make a decision on the possible twin-aisle plane, which, according to the news report, has been the source of speculation among airlines and investors for about two years.

Meanwhile, Mounir said talks with Brazil’s Embraer S.A. (ERJ) over a possible commercial aerospace venture were “advanced,” the report noted. Boeing, however, insists it is not a “must-do” deal, it added.

Shares of Boeing traded near the top end of their 52-week price range of $196.45 – $374.48.

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