Boeing Board Weighs 737 Upgrade as Customers Queue

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Boeing Co. has customers lined up for an upgrade of its best-selling 737 with more fuel-efficient engines as it awaits board approval for the project as soon as Aug. 29, the planemaker’s business-development chief said.

Demand should be similar to that for the new A320neo from Airbus SAS, Nicole Piasecki said today in an interview. Airbus decided in December to update its single-aisle jet with new engines and racked up more than 1,000 orders and commitments within seven months as airlines scrambled for production slots.