Boeing Commercial Airplanes President and CEO Jim Albaugh asserted that the re-engined Airbus A320neo will have a higher operating cost than a current-model 737NG. According to Seattlepi.com, Albaugh said, "Right now, the 737 from an operating-cost standpoint—cost of acquisition, cost of operation—is about 8% better than the Airbus product. Even after the re-engine we'll be 2% better, and that's if we do nothing on this airplane. We are going to do some ...

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