Airbus wins record $24bn plane order from Indonesia’s Lion Air

 
City A.M. Reporter
EUROPE’S Airbus grabbed a record order worth $24bn (£15.8bn) at list prices from Indonesian budget carrier Lion Air yesterday, shaking arch-rival Boeing’s grip on one of the world’s fastest-growing airlines.

The blockbuster order for 234 medium-haul jets underscored the rise of a powerful new breed of Asian carrier and was immediately hailed for its impact on European jobs.

The contract trumped a record deal Lion Air had struck with Airbus’s US rival Boeing in 2011. The planemakers are locked in a battle for global orders in the 150-seat category estimated at $2 trillion over 20 years.

Indonesia’s Lion Air has been rapidly expanding its fleet to meet the need for medium-haul jets in the world’s fourth most populous country, an archipelago of 17,000 islands.

Its order includes 109 A320neo and 65 A321neo planes – with the neo designating the newest fuel-saving type of the narrow-body jets - as well as 60 current-generation A320 planes.