Report: Boeing Has Bigger Dreamliner on the Way

After settling production issues and getting its 787 Dreamliner back into the sky, Boeing (NYSE:BA) will likely unveil a larger version of its new signature plane to an expectant market, according to reports. Boeing’s expansion of the Dreamliner seating capacity would give the company an answer to the Airbus A350 while giving airlines a way to haul more passengers per flight, increasing profits on every run.

Sources told Reuters Boeing is saving its announcement for the upcoming Paris Air Show, but word started traveling just as Airbus celebrated the maiden voyage of the A350. Both the A350 and Dreamliner feature lighter materials that make the planes more fuel-efficient, though Airbus representatives say the A350 gets better mileage overall. An increased passenger capacity in what is called the 787-10 would give airlines an opportunity to run flights more economically. Increased range, which Boeing’s customers may not want or need, is not part of the package.

Therefore, the market for the plane exists in long-haul regions like Asia. Singapore Airlines is one company with strong interest in the larger Dreamliner, as are British Airways and Air Lease Corp (NYSE: AL). When the Dreamliner was grounded over serious troubles with its lithium batteries, talks about the larger version were tabled for a later date. However, as the Paris Air Show looms, all eyes are focused on Boeing and Airbus.

Report: Boeing Has Bigger Dreamliner on the Way