Aviation
Boeing confirms 797: A New Era for Mid-Size Aircraft
Boeing is rumored to be developing the Boeing 797, as speculated among employees and airlines. The company’s announcements suggest that the new aircraft will be constructed in Washington. It is widely anticipated that this aircraft will be named the Boeing 797.
The Boeing 797 is expected to replace the 757, which was in production until 2004. The 757 was a highly regarded aircraft, though it was smaller than the Boeing 737 Max.
The new 797 will fill the gap in the mid-size aircraft market, catering to segments with capacities of fewer than 250 passengers.
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Boeing 797: The Next Generation Aircraft Set to Replace the 757
The project was initiated by Boeing in 2015 after determining that the market was ripe for a new design. By 2017, several airlines had shown interest in a composite, seven-abreast twin-aisle aircraft with an elliptical cross-section.
The Boeing 797 is anticipated to come in two variants: a 225-seat version with a range of 5,000 nautical miles (9,300 km) and a 275-seat version with a range of 4,500 nautical miles (8,300 km).
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Market forecasts for this aircraft type range from 2,000 to 4,000 units, with Boeing anticipating demand at the higher end of this spectrum. The projected price is between $65 million and $75 million.
On the other hand, Airbus is capitalizing on the market gap in this segment with its extended-range version, the Airbus A321 XLR, which is scheduled for release by the end of the year.
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The A321 XLR not only features advanced composite materials but also incorporates the latest technologies found in newer airliners. These innovations are expected to reduce operating costs and enhance efficiency for airline operators.
Meanwhile, Boeing is focusing on increasing orders for the Boeing 737 Max and Boeing 777X as it navigates current challenges. The company plans to advance the development of the new Boeing 797, with the project expected to be underway by 2030 and potentially costing around $25 billion.
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