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Boeing and Indonesia's Lion Air sign 230 aircraft deal BALI - U.S. aircraft manufacturer Boeing and Jakarta-based Lion Air on Friday signed a provisional order for at least 230 aircraft in a deal valued at approximately $21.7 billion per list prices. U.S. President Barack Obama witnessed the signing.

Lion Air, which operates an all-Boeing fleet, committed to an order for 201 Boeing 737 MAXs and 29 Boeing Next-Generation 737-900 ERs (extended range) aircraft. The agreement also includes the purchase rights for an additional 150 airplanes valued at $14 billion, raising the total potential value of the deal to $35.7 billion.

The deal for 230 airplanes, when finalized, will be the largest commercial airplane order ever in Boeing's 95-year-long history by both dollar volume and the total number of airplanes. It also represents the first commitment for the new 737MAX from an Asian airline.

The White House said the order for 230 aircraft, which represents one of the largest trade deals ever between the United States and Indonesia, will support over 110,000 U.S. jobs at Boeing and at suppliers in 43 states.

U.S. President Barack Obama witnessed the official announcement during a ceremony on Friday morning at the East Asia Summit in Bali, Indonesia. "This is a remarkable example of the trade investment and commercial opportunities that exist in the Asia Pacific region," Obama said.

Obama said the U.S. administration and the Ex-Im Bank, in particular, were 'critical' in facilitating the historic deal. "I want to thank all of the administration officials who were dogged in trying to get this completed," he said during the event. "This is an example of how we are going to achieve the long-term goal that I set of doubling U.S. exports over the next several years."

The U.S. leader added: "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."

Obama also congratulated both companies involved in the deal. "I want to, first of all, congratulate Lion Air for their incredible success," he said. "I [also] want to congratulate Boeing for making outstanding planes, including the one that I fly on."

Lion Air is a fast-growing private airline that since its establishment in 2000 has rapidly grown to become the largest domestic airline in Indonesia, the world's fourth largest country. Along with all Indonesian airlines, Lion Air is currently banned from operating in the European Union.


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Related blog entries (category 'Economy') Tags: Lion Air, Boeing, historic, deal


Posted in Economy @ 18 November 2011 09:50 CET by Blog Bot · 'Blog' RSS feed · permalink





oyibo
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Happy to hear they not bought Airbus. Hope they soon de-commission the flying crap they have with Wings Air.



Yerun
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I thought they already did, but they are still using MD's for short-haul flights. Amazing, especially after they already purchased a large number of ATR's to replace them.



oyibo
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That is one of the reasons most likely they are not allowed to fly in European airspace. I stil wonder why people accept to board that flying scrap. Considering events in the past 2 years with these airplanes. Would be time the avation authority steps in to end this flying with junk. collapsed nose wheels, buckled bulkheads, ducktaped windows. and destructive maintanance added makes these aircrafts unsafe. That is not a presumtion, accidents already took place. So far without fatality's. But in this case it's just a matter of time.



SanderBali
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230 aircrafts!!!??
...which is more than the entire KLM fleet (for e.g.).



SanderBali
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....and few years ago they order 150+(?) 737-900 Where are they?



oyibo
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To have Oblama smiling, incorporated in this deal. Does it come as a surprise?



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