Indonesian carrier Lion Air (JT) has signed an intent to buy 201 Boeing 737 Maxs and 29 Next-Generation 737-900ERS in a $21.7 billion deal that is Boeing’s largest ever in dollar value.
Computer rendering of a 737 Max in Lion Air livery. Courtesy, Boeing
Indonesian carrier Lion Air (JT) has signed an intent to buy 201 Boeing 737 Maxs and 29 Next-Generation 737-900ERS in a $21.7 billion deal that is Boeing’s largest ever in dollar value. Purchase rights for a further 150 aircraft were included in the deal.
The agreement, announced in Bali, Indonesia, with US President Barack Obama present, was made just hours after a deal with lessor ACG was announced for 20 firm-order 737-800s and an intent to order 35 737 Maxs. Also this week, at the Dubai Airshow, Emirates Airline ordered 50 777-300ERs in an $18 billion deal at list prices (ATW Daily News, Nov. 15).
Boeing put the list price of the JT deal at $21.7 billion. The 150-aircraft purchase rights, if exercised, is valued at $14 billion, Boeing said.
"The 737 Max will be the future of Lion Air," JT president and director Rusdi Kirana said. "The highly efficient, technologically advanced airplane will help Lion Air continue to bring low fares and allow us to open new destinations because of the longer range of the airplane."
To date, the 737 Max has commitments for more than 700 airplanes, while 737NGs have won orders for more than 6,000 airplanes.
JT, Indonesia's largest private airline, operates or has on order a total of 178 737NGs.