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Lion Air Commits To Buy 5 Boeing 787s

Fri, 06/08/2012 - 1:58pm
The Associated Press

NEW YORK (AP) — Airplane maker Boeing Co. said Friday that Indonesian carrier Lion Air has committed to ordering five of its 787s for the new Batik Air.

Boeing spokesman Wilson Chow says that the deal will be worth a total list price of $967.5 million when finalized.

The 787 order comes nearly four months after Lion Air placed an order with Boeing for 230 planes — worth a combined $22.4 billion. That deal is the largest commercial airplane order ever for Chicago-based Boeing by both dollar value and number of airplanes. The order includes 201 of Boeing's redesigned 737, which it calls the Max, and 29 extended range 737-900s.

Lion Air, a long-time Boeing customer, also has the rights to buy 150 planes under that order.

Lion Air was started by a travel agent and his brother, who pooled $850,000 to launch the carrier in 1999.

Shares of Boeing slipped 33 cents to $69.62 in afternoon trading.

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