Article Posted on : - Nov 18, 2011

An artist's image of a Boeing 737 MAX in Lion Air livery. Photo: Boeing.

BALI (BNS): Jakarta-based Lion Air has announced to procure over 201 737 MAXs and 29 Next-Generation 737-900 ERs (extended range) from Boeing, the company announced Thursday.

With 230 airplanes at a list price of $21.7 billion, this deal when finalized will be the largest commercial airplane order ever in Boeing's history by both dollar volume and total number of airplanes.

Boeing and Lion Air are working to finalise details of the agreement, at which time it will be a firm order posted on the Boeing Orders and Deliveries website. Lion Air will also acquire purchase rights for an additional 150 airplanes valued at more than $14 billion if exercised at list prices.

The 737 MAX is a new engine variant of the world's best selling airplane and builds on the strengths of today's Next-Generation 737. The 737 MAX incorporates the latest-technology CFM International LEAP 1-B engines to deliver the highest efficiency, reliability and appeal.