Boeing Secures Aircraft Order Worth $22 Billion

Lion Air of Indonesia has placed an order with Boeing for 737 jets which is valued at $22 billion, just four days after the Dubai-based carrier Emirates placed an order for 50 Boeing 777 aircraft valued at $18 billion.

The deal which was announced by Boeing on Thursday moved the Gulf airline carrier Emirates to 2nd position as the largest all-time buyer of Boeing jets. The U.S. giant was anticipating the deal earlier but kept it as a closely guarded secret till the last moment.

The deal is expected to be signed in the Indonesian city of Bali on the eve of East Asia Summit which will be attended by U.S. President Barack Obama among other regional leaders. The deal contains purchase of 29 737-900s as well as gigantic 201 of the latest 737 MAXs, together with options for additional 150 future aircraft for Indonesia’s biggest carrier.

A statement from Boeing informed that after signing this will be biggest commercial airplane sale order ever achieved by the American carrier both in terms of dollar value as well as quantity of airplanes. Boeing did not confirm that the latest 737 MAXs will be produced in the United States of America.

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Leo Pierson

About Leo Pierson

Former partner in a real estate management firm, Leo, has been active in the market for the last 8 years. Ex-blogger on penny stocks, now focused on long term growth stocks, Leo provides valuable market snapshots each day as part of our editorial team.

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