TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Lion Air seals $380m deal with ATR for new aircraft

  • The Jakarta Post

  /   Thu, November 20 2008   /  10:35 am

Airline company Lion Air signed Wednesday a memorandum of understanding with aircraft manufacturer ATR for an order of 10 ATR 72-500 aircraft and an option on another 10. Signed during the opening of the four-day Indo Defense and Aerospace Expo and Forum at the Halim Perdanakusumah Air Force Base in Jakarta, the deal is worth more than US$380 million including the extra options. The twin-turboprop, 72-seat aircraft will be operated by Lion Air's subsidiary Wings Air as a feeder service to Lion Air's Boeing 737-900ER twin jets. "With our brand new fleet of ATR 72-500s, we will able to develop a strong low-cost network, feeding Lion Air's major hubs," Lion Air CEO Rusdi Kirana said in a press statement. ATR CEO Stephane Mayer said the deal would "increase our presence in the expanding Indonesian market and continue the growth of our large fle...