Lion Air Finalizes Order for up to 380 Boeing 737s

Jakarta-based Lion Air has finalized a firm order for 201 737 MAXs and 29 Next-Generation 737-900ERs (extended range).

The agreement, first announced last November in Indonesia, also includes purchase rights for an additional 150 airplanes.

"The 737 MAX is the best choice for Lion Air and the best airplane to serve our passengers," said Rusdi Kirana, Lion Air Founder and President Director. "We're excited to be the first airline in Asia to fly the 737 MAX and to be the global launch customer of the 737 MAX 9."

With orders for 230 airplanes valued at $22.4 billion at list prices, this deal is the largest commercial airplane order ever in Boeing's history by both dollar value and total number of airplanes. Lion Air will also acquire purchase rights for an additional 150 airplanes.

The 737 MAX is a new engine that builds on the strengths of today's Next-Generation 737. The 737 MAX incorporates the latest-technology CFM International LEAP-1B engines to deliver the highest efficiency, reliability and passenger comfort.

Boeing says that airlines operating the 737 MAX will see a 10-12% fuel burn improvement over today's most fuel efficient single-aisle airplanes.

To date, the 737 MAX has orders and commitments for more than 1,000 airplanes from 15 customers and the Next-Generation 737 family has won orders for more than 6,600 airplanes.

Lion Air, Indonesia's largest private airline, currently operates, or has on order, a total of 178 Next-Generation 737s.

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