SINGAPORE 2012: Firm contract turns Lion Air commitment into record order

Boeing and Lion Air have made firm the commitment announced in November 2011 for the carrier to purchase 201 Boeing 737 MAXs and 29 737-900ERs, plus 150 purchase rights in a contract signing at the show.

The mix of MAX aircraft between Max 8s and MAX 9s has yet to be decided, but Dinesh Keskar, vice-president of Asia-Pacific and India sales for Boeing Commercial Airplanes, confirmed that Lion Air is the launch customer for the 737 MAX 9. It will also be the first airline to operate the 737 MAX in the Asia-Pacific region.

Deliveries of the MAX aircraft will begin in 2017 and run through to 2026 at a rate of 24 a year, while delivery of the 29 737-900ERs will be tagged onto the end of the 178 firm orders for the model now in the process of delivery. So far Lion Air has received 57. The total number of firm 737 orders placed by Lion Air is now 408.

Rusdi Kirana, Lion Air founder and president director noted that the aircraft will be particularly valuable for the airline’s growth in the latter part of the decade as the ASEAN region expects to have an open skies agreement by 2015.

The firm orders for the 230 aircraft are valued at $22.4 billion at list prices, making the deal the largest commercial aeroplane order ever in Boeing’s history by both dollar value and total number of aircraft. For CFM, the list price value of the LEAP-1B engine order for the 201 737 MAX aircraft is approximately $4.8 billion, while that for the CFM56-7B engines to power the 29 737-900ERs is around $580 million.

Bernie Baldwin, editor, Low-Fare & Regional Airlines/LARAnews.net
Singapore

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