Lion Air stuns again with Airbus deal

AFP-JIJI

Lion Air, a little-known carrier launched 13 years ago with just one plane, has struck two of the world’s largest aircraft orders in a staggering $46 billion bet on Indonesia’s air transport boom.

France announced Monday that Indonesia’s fastest-growing airline had agreed to buy 234 medium-haul A320 jets worth $23.8 billion from European aerospace giant Airbus.

French President Francois Hollande described the “historic” deal as the biggest in the history of civil aviation.

The deal comes after Lion Air astounded the industry with a $22.4 billion agreement inked in 2011 for 230 Boeing 737 airliners.