Analyst: Boeing will replace 737, not give it new engines

Boeing will replace its 737 with a new airliner, rather than outfitting the 737 with new engines, according to a new Wall Street prediction.
"We believe Boeing will be announcing a new narrowbody replacement to the well-worn and highly popular 737 instead of the less costly, but inferior solution of re-engining," Morgan Stanley analysts, led by Heidi Wood, wrote in a note to investors Wednesday.
This means spending about $13 billion in research and development, compared with $2 billion to $3 billion for re-engining, they wrote. The analysts predicted a launch of the new aircraft program in 2012, with entry into service in 2017 or 2018. The report comes two weeks after analyst Richard Safran, of Buckingham Research, wrote that Boeing may be leaning toward……

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