Airbus wins record $24 billion order from Indonesia's Lion Air

  • European-owned planemaker Airbus won a record order for 234 planes worth $24 billion from Indonesia's Lion Air on Monday.

    The order surpasses last year's record order for 230 Boeing planes, also from Lion Air.

    The planes will be made in France, securing 5,000 jobs in a country where unemployment rate stands at about 10 percent.

    Lion, now a major airline in Indonesia, was set up 13 years ago.

    Once the two orders are fulfilled, Lion Air will become one of the world’s top ten largest carriers in terms of number of aircraft. This comes despite Lion Air being banned from flying within the 27-nation European Union and the United States over fears its safety standards are not up to par.

    Indonesia air traffic is expected to increase by 20 percent a year while the country's economy is growing at about 6 percent a year.

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