Boeing Lands Lion Air Order For Up to 380 737s

By Paul Riegler on 18 November 2011
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Boeing and Lion Air, a Jakarta-based carrier, signed a deal to purchase 201 Boeing 737 Max single-aisle jets and 29 737-900ER (extended range) aircraft.  The order for 230 planes is Boeing’s largest both in terms of dollar volume and the total number of aircraft.

The 230 planes have a list price of $21.7 billion; large orders such as this, however, typically are discounted.  Lion also has options for another 150 aircraft with a value of $14 billion.

President Barack Obama was present as executives from Boeing and Lion Air signed papers sealing the agreement early Friday.  “This is an example of a win-win situation where the people of the region are going to be able to benefit from an outstanding airline. And our workers back home are going to be able to have job security and be able to produce an outstanding product made in America,” he said.

The Lion Air deal breaks Boeing’s previous record in terms of dollars, set this past Sunday when Emirates Airline ordered 50 Boeing 777 wide-body jets with a value of $18 billion.


Accura News

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