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


From Solitary To Stardom On The Court: What It Means To Be 'Tuff'

Before his success in the NBA, Caron Butler overcame a rocky youth in the inner city. Drugs and violence nearly derailed him — but, as he writes in a new memoir, he managed a dramatic turnaround.
WAMU 88.5

Invasive Insect Could Wreak Havoc On U.S. Tomato Crop

A virginia tech plant pathologist says it's time to implement quarantine measures on tomatoes being imported from other countries where the South American Tomato Leafminer has already taken hold.

Chaffetz Leaps Into Race To Succeed Boehner As Speaker

Rep. Jason Chaffetz, R-Utah, announced he will run for speaker of the House, challenging GOP majority leader Kevin McCarthy to become the successor to outgoing Speaker John Boehner.

#MemeOfTheWeek: That Article From The Onion About Mass Shootings

The article reveals what the writers really feel about mass shootings in America, something mainstream media couldn't do.

Leave a Comment

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