Aviation News

November 18, 2011

Lion Air Becomes Second Boeing 737 MAX Customer in Record 380 Plane Deal

More articles by »
Written by: admin
Tags: , , , , , ,
Lion Air Boeing 737 Max.

In the presence of U.S. President Barack Obama, Indonesia’s Lion Air and Boeing on Friday signed the largest aircraft order commitment in the history of commercial aviation, both in the number of planes and its financial terms.

Executives from Lion Air and Boeing sign the memorandum of u

Executives from Lion Air and Boeing sign the memorandum of understanding at the Asia Summit in Bali while President looks on. (Photo by Boeing)

The memorandum of understanding, or MOU, calls for Lion Air to receive as many as 380 planes: Commitments for 201 Boeing 737 MAX aircraft and 29 current generation 737-900ER jets, plus options for 150 more. Based on list prices, the total value of the order, should the purchase options be exercised, could reach $36 billion, or the equivalent of 55% of Boeing’s 2010 revenue.

An MOU is not an official order, but it sets the wheels in motion for both sides to begin preliminary arrangements, such as financing for the airline and parts logistics for Boeing. It is not clear that Lion Air has any financing yet in place.

Lion Air becomes the second publicly announced customer for Boeing’s re-engined 737, after American Airlines signed on for 100 of the CFM LEAP-X powered birds this past July.

Lion Air Boeing 737 Max.

Lion Air Boeing 737 Max. (Rendering by Boeing)

Lion Air currently operates an all-Boeing 737 fleet to about 60 destinations within Indonesia and southeast Asia.



About the Author

admin





 
 

 

What’s Happening At The 2019 Paris Air Show (Updated 3X)

The 2019 edition of the Paris Air Show is happening this week. The biennial show is traditionally a place where new aircraft are launched and new orders flow in. Follow along here all this week as we recap each day’s happ...
by Ben Granucci
0

 
 

United Airlines Moves to its New LaGuardia Home

United's new five-gate section at LaGuardia's Central Terminal Building replacement has opened for business.
by Ben Granucci
0

 

 

JetBlue Unveils Bruins Themed “Bear Force One”

JetBlue's "Bear Force One," a jet featuring the Boston Bruins hockey team's black and gold logo, was unveiled to the public on May 13, 2019.
by Michael Lothrop
1

 
 

The Refreshed Aer Lingus Livery: Teal Is The New Green

Aer Lingus revealed a new livery last week. We take a look at the changes and share our thoughts on the new look.
by Ben Granucci
0

 
 

UAS in the USA: A History of Drone Regulations

The FAA has developed regulations for drone operators to operate their UAS for fun or for profit in a legal and safe environment, but the path was not always quick or straightforward.
by David J. Williams
1