BA - New Boeing jet not likely but hinges on MAX return Safran CEO says

Boeing's ([[BA]] -3.7%) decision on whether to launch a new midrange jetliner likely will depend on the success of the 737 MAX on its return to service, according to Philippe Petitcolin, CEO of Safran (SAFRY), one of the grounded jet's engine suppliers."If Boeing's market share falls to a third, then it might decide to launch a project in 2022 or 2023," Petitcolin said on Safran's earnings conference call, adding that the move is possible but "not the most probable."Petitcolin said the 737 MAX likely would stay in service until 2035, implying development of a successor would not start until 2027 with pre-marketing starting in 2025, but if the MAX failed to reassert itself in the market, Boeing could "hypothetically" be tempted to move it forward to 2022-23.Petitcolin said he had no information on Boeing's plans, while Safran is "doing everything" to meet Airbus (EADSY) target for increased A320-family production in

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New Boeing jet not likely but hinges on MAX return, Safran CEO says