14 Feb '12, 9am

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

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

SINGAPORE, Feb 14, 2012 (AFP) - Boeing and Indonesian carrier Lion Air formally signed Tuesday 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. 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. 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 extend...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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