Boeing is studying ways to stretch its newest aircraft, the 737 MAX, in order to reach a part of the jetliner market for which the planemaker has no product offering.

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Boeing is studying ways to stretch its newest aircraft, the 737 MAX, in order to reach a part of the jetliner market for which the planemaker has no product offering.

The company is in talks with customers about a larger version of the plane with redesigned wings and taller landing gear, Greg Smith, executive vice president for business and strategy, said Wednesday at a Cowen & Co. conference. Boeing has been losing sales to Airbus Group, which serves the midsized aircraft market with the narrow-body A321.

The new variant, if approved, wouldn’t enter the market until after the slated 2020 debut of the wide-body 777X, Smith said. The possibility of a larger 737 Max was reported earlier by the Wall Street Journal.