Lion Air signed an MOU with ATR for 10 firm ATR 72-500s with options for 10 more. The deal is valued at more than $380 million including options. Deliveries are slated to start in 2009. The 72-seat turboprops will be operated by Lion Air subsidiary Wings Air, which is aiming to develop a low-cost network to feed Lion Air's major hubs.

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.