Airbus Sells 234 Planes To Lion Air For 18.4 Billion Euros

Category: Companies / Mar 18, 2013 9:52AM EDT
Airbus signed an 18.4-billion-euro deal ($24 billion) with low-cost Indonesian carrier Lion Air on Monday (March 18) for 234 single-aisle passenger planes, poaching one of archrival Boeing's fastest growing customers. Airbus called the deal with Lion Air, traditionally a client of Boeing, "the largest single order ever recorded by Airbus to date, both in terms of value and number of aircraft involved." The contract for the A320 planes trumped that between Lion Air and Boeing in 2011 for 201 planes worth $22 billion. Lion Air has been rapidly growing its fleet to meet the need for medium-haul jets servicing the growing aviation market in Indonesia, the world's fourth most populous country. The landmark order includes 109 A320neo and 64 A321neo planes - with the neo designating the newest fuel-saving type of the narrow-body jets - as well as 60 A320 "classic" planes. French President Francois Hollande said the deal has set a good example of what the French industry is capable of and must strive to achieve. Video Source: Reuters