Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016

Boeing Plans 2 Models For Long-Range Flight

SEATTLE -- Boeing announced Tuesday it will build two new versions of its twin-engine 777, one of which will have the longest range of any commercial aircraft.

The new 777-200X will have a range of 16,250 kilometers, allowing nonstop service on such routes as New York-Singapore and London-Perth. The larger 777-300X would have a shorter range - 13,377 kilometers - but would carry more passengers - 359 compared to 301 for the 200X.

"These airplanes are going to set the performance standards in terms of range, they're going to bring the world closer together," Phil Condit, Boeing chairman and chief executive officer, said at a news conference in New York.

Because the new planes would be capable of flights lasting up to 18 hours, they will be equipped with a two-bunk rest compartment for the flight crew and a nine-bunk rest compartment for the cabin crew.

Condit, accompanied by Jack Welch, GE chairman and CEO, said the first of the new airliners would be delivered in September 2003. General Electric will supply the engines for the jumbo jets.

Boeing's board of directors authorized full production of the new 777s on Monday.

Condit said there were "more than enough commitments" to begin building the new models, but declined to say how many airlines had expressed interest. Published reports have said 30 orders have been placed, worth about $5.5 billion.

Boeing needs the new jets to complete with Airbus Industrie in the Asia-Pacific market. Airbus has a long-range version of its four-engine A-340 and is developing the larger A340-500 and A340-600 models.

Boeing spokeswoman Barbara Murphy said prices for the new jetliners haven't been established but would be more than the current 777 models. The 777-200X is priced at $150 million to $170.5 million and the 300X is $157.5 million to $192.5 million.