Boeing exec says new mid-market jet is a 'tough business case'

Phoenix

BOEING Co is studying options for an aircraft in the middle of the jet market, but faces a "tough business case," marketing vice-president Randy Tinseth said. Speaking at the Istat Americas air finance conference, he ruled out reviving the out-of-production 757 with new engines because of the previously high production cost.

The middle of the jet market is widely seen as a "grey space" sitting between workhorse narrow-body jets like the Boeing 737 or the larger and more capable wide-body jets.