NPR : News

Filed Under:

Boeing Closes $22.4 Billion Deal With Lion Air

When your products sell for more than $80 million, selling one of them is a big deal. Selling hundreds of them in one deal means they're probably feeling pretty good over at Boeing right now. The aircraft company has finalized a deal to sell 230 jets to Lion Air of Indonesia, with a total list price of $22.4 billion — a record for Chicago-based Boeing.

The deal, which was first announced in November during President Obama's multi-country tour of Asia, includes 201 737 MAX jets and 29 of Boeing's extended range 737-900ERs.

When the sale was first agreed upon, Boeing rival Airbus Industries "accused the United States of applying political pressure to secure the deal," as Reuters reports.

In a statement, Boeing touts its plane's ability to lower fuel costs: "Airlines operating the 737 MAX will see a 10-12 percent fuel burn improvement over today's most fuel efficient single-aisle airplanes and a 7 percent operating cost per seat advantage over tomorrow's competition."

The sale, which will be paid off over a 12-year period, according to the AP, gives Boeing a needed boost in its competition with Airbus. Last year, the European aircraft maker reported more than 1,400 plane orders, driven by demand for its fuel-efficient A-320 aircraft.

In contrast, Boeing sold only about 800 aircraft last year.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

WAMU 88.5

Art Beat With Lauren Landau, Aug. 31, 2015

You can see a play about a brother and sister on a European journey or see a classic comedy with a gender-bending twist.

WAMU 88.5

Virginia Man Turning Waste Heat Into Rooftop Greenhouses

How can the U.S. improve food security? One Charlottesville native is pioneering the construction of greenhouses on buildings to take advantage of their waste heat.

WAMU 88.5

America's Tolerance For Gun Violence

There are more gun-related deaths in America than in any other industrialized nation. We discuss what makes the U.S. different and why some hold out hope that change is possible.

NPR

China Arrests Nearly 200 Over 'Online Rumors'

The rumors ranged from a man leaping to his death in Beijing over stock losses to highly inflated death tolls in the Tianjin industrial blasts.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.