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Indonesia's Lion Group Expects to Receive 36 New Aircraft in 2018

Indonesia's Lion Group to Receive 36 Aircraft in 2018

2018 04 05

2018 04 05

By Cindy Silviana, Fergus Jensen, Reuters


Indonesia-based budget airline company Lion Group expects to receive at least 36 new aircraft in 2018 amid 11 percent estimated growth in passenger numbers, its chief executive said on Thursday.

"We are optimistic that the deliveries will be on schedule," Edward Sirait told a press conference.

The additions be made to Lion's fleet in Indonesia, Malaysia and Thailand and would include eight Airbus, 18 Boeing and 10 ATR aircraft.

This year Lion plans to focus on its domestic fleets, Sirait said, adding that it had no plans to expand into other countries but would review regional markets.

 

The group has ordered at least 700 new aircraft up to 2025, he said.

Lion Air, one of Boeing's largest customers, ordered 201 Boeing 737 MAX aircraft in 2012 and placed options for a further 150.

Transportation Partners, the leasing arm of Lion Group, has ordered 380 LEAP-1A engines from CFM International, a joint venture of GE and Safran Aircraft Engines, valued at $5.5 billion, to power its Airbus A320neo and A321neo aircraft, Sirait said.

Lion Group slowed its rate of fleet expansion for a second consecutive year in 2017, taking delivery of 29 aircraft, compared to 36 in 2016 and 57 in 2015.

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