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


Plaga Wine
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
Ace Trumps Hotels and Restaurants in Bali
Cok Aceí Elected to Third Term as Chairman of Bali-PHRI
Unbeatable Seller Prices for BBTF 2016
Seller Discounts for Bali & Beyond Travel Fair 2016 for Confirmed Bookings Made Before November 30, 2016
The More the Merrier?
Denpasar Administration will Not Impose Moratorium on New Hotels
GO-JEK Doesnít Deliver Grass
Famous Indonesian Musician Caught with Marijuana After Using Go-Jek Driver for a Drug Pick Up
When Passengers Roar at the Lion
Angry Lion Air Passengers Commandeer a Runway at Jakartaís Airport
Indonesians Encouraged to Visit Australia
Australia Introducing Easier Visa Controls to Encourage Indonesians to Visit Australia
Striving for Safety
PHRI: Majority of Hotels Falling Short on Security and Safety Assessments
Buy My Horse, He's Hungry
Competing with Modernity, 80-year Old Dokar Driver in Baliís Capital of Denpasar Faces Difficulty in Feeding Himself and His Horse
Banyuwangi Flights from Bali Axed
Garuda Indonesia Cancels Bali to Banyuwangi, East Java Flights
You Raise Me Up
New Minimum 2016 Wage Levels Announced for Badung Regency and Denpasar in Bali
RIMBA Takes Mexican Food to New Heights
UNIQUE Rooftops Bar & Restaurant at RIMBA Jimbaran Offers Authentic Mexican Cuisine
Ready, Aim. . . Wait!
Indonesia Put Stay on Further Executions While Economy Idles
All [News]!