Boeing debuts 737 MAX 7

Boeing [NYSE: BA] marked another airplane development milestone as thousands of employees celebrated the debut of the first 737 MAX 7 at the company´s Renton, Wash. factory, the company said.

The MAX 7 is the third and newest member of Boeing´s 737 MAX family to come down the assembly line. The jet is designed for up to 172 passengers and a maximum range of 3,850 nautical miles, which is the longest range of the MAX airplane family.

The MAX 7 is also superior to the competition, carrying 12 more passengers 400 nautical miles farther than the A319neo, on 7 percent lower operating costs per seat.

The 737 MAX 7 is scheduled to enter service in 2019, following delivery to launch customer Southwest Airlines.

The entire 737 MAX family is designed to offer customers exceptional performance, with lower per-seat costs and an extended range that will open up new destinations in the single-aisle market. The MAX 8 entered service with customers across the globe last year, and the MAX 9 will start deliveries in the coming months. The MAX 10 was launched at last year´s Paris Air Show and is scheduled to enter service in the 2020 timeframe.