Congratulations! Lion Air Announce Order for 737s at Singapore Air Show 2008

SINGAPORE, Feb. 19, 2008 -- The Boeing Company [NYSE: BA] and Jakarta-based Lion Air today announced an order for 56 Next-Generation 737-900ER (Extended Range) airplanes. This order, valued at more than $4.4 billion at current list prices, brings Lion Air's combined orders for the 737-900ER to 178. Additionally, the airline acquired purchase rights for an additional 50 737-900ERs.

Boeing Commercial Airplanes Vice President, Sales, Dinesh Keskar and Lion Air Founder and President Director Rusdi Kirana announced the order at the Singapore Air Show.

"The Next-Generation 737 is the right airplane for our airline, our customers and our growing route structure," Kirana said. "Lion Air is committed to growing its fleet with fuel-efficient, reliable and technologically advanced aircraft, while offering its passengers the best service and lowest fares in the market."

Boeing launched the 737-900ER program in July 2005 when Lion Air announced the initial order for 30 of the newest 737 model. All of Lion Air's airplanes will be equipped with performance-enhancing Blended Winglets, which improve fuel efficiency and reduce CO2 emissions by up to 4 percent.

"Lion Air, the world's largest operator of the 737-900ER, is leveraging the Next-Generation 737's unmatched economics, reliability and overall value to deliver superior service for its customers," Keskar said. "We look forward to growing our relationship with this most valued customer for many years to come."

The airline was established in October 1999 and started operations on 30 June 2000, when it began scheduled passenger services between Jakarta and Pontianak using a leased Boeing 737-200. It is wholly owned by Rusdi Kirana and family.