Airbus sells 234 planes to Lion Air in $24 bn dealhttps://indianexpress.com/article/news-archive/web/airbus-sells-234-planes-to-lion-air-in-24-bn-deal/

Airbus sells 234 planes to Lion Air in $24 bn deal

Airbus has signed a 18.4-billion-euro deal ($24 billion) with low-cost Indonesian carrier Lion Air for 234 single-aisle passenger planes,poaching one of archrival Boeing’s fastest growing customers

Airbus has signed a 18.4-billion-euro deal ($24 billion) with low-cost Indonesian carrier Lion Air for 234 single-aisle passenger planes,poaching one of archrival Boeing’s fastest growing customers.

French President Francois Hollande’s office on Monday called the deal with Lion Air,traditionally a client of Boeing,“the biggest for Airbus in terms of the number of aircraft and the overall sum.” The contract for the A320 planes trumped that between Lion Air and Boeing in 2011 for 201 planes worth $22 billion. Lion Air has been rapidly growing its fleet to meet the need for medium-haul jets servicing the growing aviation market in Indonesia.