Lion Air commits to buy 5 Boeing 787s
Boeing said Friday that Indonesian carrier Lion Air has committed to ordering five of its 787s for the new Batik Air. Boeing spokesman Wilson Chow...
NEW YORK — Boeing 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 the deal will be worth a total list price of $967.5 million when finalized. Data from aircraft valuation firm Avitas pegs the value after standard market discounts at about $550 million.
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 Boeing by both dollar value and number of airplanes. The order includes 201 of Boeing's 737 MAX and 29 extended range 737-900s.
Lion Air, a longtime 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.