boeing indonesia\s lion air sign record 22 bn deal
Tuesday 28 January 2025
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Boeing, Indonesia\'s Lion Air sign record $22 bn deal

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Boeing, Indonesia\'s Lion Air sign record $22 bn deal

Singapore - AFP

Boeing and Indonesian carrier Lion Air on Tuesday formally signed a $22.4 billion deal for 230 aircraft, the single largest contract in commercial aviation history. Lion Air ordered 201 Boeing 737 MAX and 29 next-generation 737-900ERs, with purchase rights for an additional 150 airplanes from the US manufacturer to strengthen its domestic operations and expand internationally. The deal was first announced on the sidelines of an Asia-Pacific summit in Bali, Indonesia in November attended by US President Barack Obama, and was then estimated to be worth $21.7 billion. \"We\'re excited to be the first airline in Asia to fly the 737 MAX,\" Rusdi Kirana, Lion Air\'s founder and president director, said in a statement. The first aircraft will be delivered in 2017, and the deliveries will run up until 2026, said Kirana, who signed the deal on the opening day of the Singapore Airshow, one of Asia\'s largest aviation trade fairs. Kirana said the purchases would be financed by funds from the US Export Import Bank and private banks such as BNP Paribas. The single-aisle 737-MAX is an upgraded and more fuel-efficient version of the 737, the world\'s best-selling commercial airplane. The 737-900ER is the extended-range variant. With some 240 million people, Indonesia is the world\'s fourth most populous nation and most far-flung archipelago with more than 17,000 islands scattered across 33 provinces. Air travel has grown sharply in recent years with the emergence of budget carriers like Lion Air as well as rising incomes as a result of steady economic growth. Dinesh Keskar, vice president of Asia Pacific and India for sales at Boeing Commercial Airplanes, described the deal with Lion Air as \"the largest order in the history of aviation that I can know of.\" Lion Air last year carried 85,000 passengers a day domestically and expects to increase this to 100,000 passengers daily by the end of this year, Kirana said. The carrier has a 51 percent domestic market share and is aiming to raise it to 60 percent. \"Once you can go to 60 percent, your company is solid,\" Kirana said, adding the carrier would go public once it gets a 60-percent market share. Lion Air is also preparing for an open-skies agreement within the Association of Southeast Asian Nations (ASEAN) which is due to come into effect by 2015, which would enable the carrier to expand further overseas, he said. Lion Air now flies to Singapore six times daily. If ASEAN frees up the region\'s aviation market by 2015, Lion Air might consider firming up its purchase rights for the 150 planes, Kirana said.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

boeing indonesia\s lion air sign record 22 bn deal boeing indonesia\s lion air sign record 22 bn deal

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

boeing indonesia\s lion air sign record 22 bn deal boeing indonesia\s lion air sign record 22 bn deal

 



GMT 19:57 2018 Tuesday ,23 January

Farm-fresh from Kerala to the UAE, in just one day

GMT 01:01 2017 Sunday ,11 June

Qatari banks brace for cash crisis

GMT 07:35 2017 Tuesday ,07 November

French chef’s twist on haute cuisine

GMT 12:03 2012 Tuesday ,07 February

Temperature in UAE to rise gradually

GMT 13:02 2017 Wednesday ,01 November

H.H. Amir tasks Sheikh Jaber to nominate cabinet members

GMT 23:34 2017 Sunday ,02 July

Indian embassy thwarts 700 bogus job offers

GMT 04:53 2016 Thursday ,22 December

Trial of 48 MB members over death

GMT 13:57 2017 Monday ,06 November

UAE Cricket to play Zimbabwe A Team in 50-over match

GMT 13:45 2017 Thursday ,12 January

It is not about money, but PR power

GMT 09:25 2017 Thursday ,19 October

Smithsonian launches drive for major hip-hop anthology

GMT 08:16 2017 Sunday ,10 September

Top luxury and performance in a compact body
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice