U.S strikes $25bn Aircraft deals

This article was last updated on April 16, 2022

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The White House said Thursday that U.S. companies had reached trade deals valued at more than $25 billion with East Asian nations, including an airplane order by Indonesia’s Lion Air that represents Boeing Co.’s largest-ever commercial-jet deal.

Jakarta-based Lion Air signed a commitment to order 201 of Boeing’s 737 MAX single-aisle jets and 29 extended-range 737s. The 230 planes have a list price of $21.7 billion, though carriers typically negotiate discounts when placing large airplane orders.

U.S. President Barack Obama is expected to help announce the Boeing deals—including a separate order by Singapore Airlines—Friday on the sidelines of a meeting with East Asian leaders here as he emphasized his efforts to boost exports in support of U.S. jobs.

U.S. officials say the deal in Indonesia was sealed in the past few days in part because the Indonesians wanted Mr. Obama to announce it here.

The agreement by Lion Air, a major Boeing 737 customer, also includes options for another 150 aircraft valued at $14 billion.

Chicago-based Boeing said the order marks its largest in terms of dollar volume and the number of aircraft.

The deal breaks the previous order record set Sunday, when Dubai-based Emirates said it ordered 50 Boeing 777 wide-body jets with a value of $18 billion.

Boeing said Lion Air’s commitments to order the 737 MAX, a planned version of its workhorse jet that will carry new, advanced engines, are part of the 700 commitments to the plane that the jet maker previously disclosed. Only some of the airlines that have ordered the jet have been revealed, including AMR Corp.’s American Airlines.

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