Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · The Lionís Share
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Bali Update
Subscribe to our free weekly newsletter!
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

Bali News

The Lionís Share

President Barack Obama Witnesses Signing of Historical Sales Contract Between Indonesiaís Lion Air and Boeing Aircraft Corporation

Bali News: Bali, Indonesia, Lion Air, Barack Obama, U.S. President, Grand Hyatt Hotel, U.S. Ex-Im Bank, Boeing 737, Garuda, market share
Click Image to Enlarge


During his visit to Bali U.S. President Barack Obama happily presided over a contract signing ceremony between Indonesia’s Lion Air and Boeing Corporation for the purchase of 230 aircraft worth US$21.7 billion.

Sweetening the deal, Lion Air has also taken an option on the purchase of an additional 150 planes worth a further US$14 billion.

Lion Air, an established and important customer of Boeing, currently operates 178 Boeing Next Generate B-737s.

Welcomed news to a faltering U.S. economy, President Obama called the transaction signed in Bali the biggest commercial transaction in the history of Boeing Aircraft.

At the signing ceremony between Boeing and Lion Air at the Grand Hyatt Resort in Bali, Obama lauded the historic importance of the deal for the Chicago-based aircraft maker that employs more than 100,000 people in the United States.

Lion Air which started operations with a single aircraft in 1999, has received financing from the U.S. Ex-Im Bank. Obama said the deal was part of his long-term plan to double the value of U.S. exports.

Lion Air has become Indonesia’s largest air carrier, controlling 38% of the passenger market carrying 20.5 million passengers. Growth is dramatic with 15 million passengers flown by the airline in 2009. Meanwhile, the national flag carrier Garuda carried only 12.3 million passengers in 2010.

Aviation experts in Indonesia are calling on Lion Air to meet the challenges of managing rapid growth in an airline that has received official warnings from the Ministry of Transportation for sub-standard on-time performance below 70%.

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!

Our [Privacy Statement] explains how we handle the data you are providing.

Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!

or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Trip the Light Fantastic
Tango in Paradise Ė Masters of Dance to Perform in Bali Saturday, November 26, 2016
RIP: Sri Pitono: 1964-2016
Veteran Bali Travel Industry Member Sri Pitono Dies at Age 52
A Fatal Fall
English Hiker Falls to His Death on Mount Abang in Bali
Fatally Flawed Connection
Nine Dead and Many Injured as Pedestrian Bridge Collapses Connecting Nusa Lembongan and Nusa Ceningan
Baliís Better on a Bicycle
Bali is the venue for a Cross Country Cycling event scheduled for Saturday, November 19, 2016
Forgive, But Never Forget
Governor Pastika Calls for Forgiveness at 14th Anniversary of 2002 Bali Bombing
When a Lake Becomes a Trash Bin
People of the Ancient Village of Terunyan at Lake Batur in Bali Discard Garbage in the Lake as Garbage No Longer Collected by Local Authorities
Bridges are Falling
Bridge Collapse in West Bali Isolates Communities and Businesses in Tabanan
Be of Good Cheer!
Rotary Club Bali Ubud Sunset Christmas Buffet Fundraiser on Sunday, December 4, 2016
Baksheesh Relief?
Special Team Formed to Battle Illegal Kickbacks Paid to Bali Police
Aborted Landing
Bali Airport Closes for 1.5 Hours to Make Emergency Runway Repairs
Charity as a Stretch
Westin Resort Nusa Dua, Bali hosts Family Yoga Session on the Beach for UNICEF on Sunday, November 27, 2016.
All [News]!