Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

3/18/2013 (2 years ago)

Catholic Online (www.catholic.org)

Occasion marks largest single order of Airbus jets, by value, number of planes

Marking a significant development for the European plane maker Airbus, a record order for $24 billion worth of new single-aisle jets from the Indonesian low-cost airline Lion Air has been announced. Lion Air is among the fastest-growing air travel markets in Asia that was previously dominated by American rival, Boeing. The Occasion marks the largest single order of Airbus jets, by value and number of planes to date.

Lion Air is among the fastest-growing air travel markets in Asia that was previously dominated by American rival, Boeing.

Lion Air is among the fastest-growing air travel markets in Asia that was previously dominated by American rival, Boeing.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

3/18/2013 (2 years ago)

Published in Business & Economics

Keywords: Air Bus, Indonesia, france, air travel, air safety, Boeing, Lion Air


LOS ANGELES, CA (Catholic online) - The order for 234 of the company's popular A320- and A321-series jets was announced by high-level executives of Airbus and Lion Air at a ceremony in Paris. The event was overseen by President François Hollande of France.

The event, which took place in the gilt halls of the Elysée Palace is a series of events planned by the French government aimed at promoting the manufacturing industry in France, which is struggling amid the economic downturn in Europe.
 
Rusdi Kirana, the travel entrepreneur who founded Lion Air with his brother Kusnan in 2000, said the landmark deal was the carrier's first order from Airbus and included 60 current-generation A320s as well as 174 of a forthcoming series of A320s and A321s that will be fitted with more fuel-efficient engines.

Deliveries of the first planes were expected to begin in 2014.

President Hollande said the volume of the aircraft order was a sign of "the vitality of the Indonesian economy" and held up Airbus as "an example of what we want to achieve across all of our industries" in France and elsewhere across Europe.

The contract, Hollande added, was expected to guarantee at least 5,000 European aerospace jobs over the next 10 years.

Many of the world's established airlines are continuing to order jets at a rapid pace trying to upgrade to more energy-efficient models amid stubbornly high fuel prices.

Lion Air's latest deal follows a flurry of jet orders announced last week, totaling more than $30 billion at list prices. Lufthansa, the German flag carrier, announced orders for more than 100 single-aisle and wide-body planes from both Airbus and Boeing, while Turkish Airlines said it would purchase up to 117 Airbus single-aisle planes.

Southeast Asia is experiencing a boom in air traffic demand as higher incomes give rise to a growing middle class. Air travel demand for the past five years in the Indonesian archipelago alone has grown at three times the average six percent pace of annual gross domestic product.

Air safety experts are concerned that the infrastructure and regulatory oversight in the country have been unable to keep pace with the expansion. The European Union, for example, maintains a list of what it says are unsafe airlines, clearing only a handful of Indonesian carriers - including the flag carrier Garuda Indonesia - to operate in its skies.

---


Pope Francis: end world hunger through 'Prayer and Action'


Copyright 2015 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for February 2016
Universal:
That prisoners, especially the young, may be able to rebuild lives of dignity.
Evangelization: That married people who are separated may find welcome and support in the Christian community.



Comments


More Business & Economics

ECONOMIC DISASTER LOOMS: Wave of bankruptcies threaten global stability Watch

Image of A leading monetary theorist, William White says that the

By Catholic Online (CALIFORNIA NETWORK)

Waves of bankruptcies worldwide will severely test the world's economic and social stability, Swiss-based chair William White warns. A leading monetary theorist, White says that the "situation is worse than it was in 2007. Our macroeconomic ammunition to fight ... continue reading


Here's what they're really talking about at Davos -- it's not what they want you to think Watch

Image of The world economy is about to tank, or so it seems from the talk at Davos.

By David Drudge (CALIFORNIA NETWORK)

The agenda for Davos is about the future, and is intended to be optimistic, but discussion between the attendees is worrisome as they focus on serious, near-term financial threats. The world economy is on the brink and there are few tools left to fight recession. LOS ... continue reading


GRIM FORECAST: What jobs will be lost in the next FIVE years? A new report has shocking bad news for YOU Watch

Image of The Fourth Industrial Revolution will create a lot of casualties. How are we to cope?

By Marshall Connolly, Catholic Online (CALIFORNIA NETWORK)

A new paper released ahead of the World Economic Forum in Davos predicts that women in particular are at serious risk of losing their jobs within the next several years due to the emergence of new technology. The changes in the marketplace will hit wealthy countries ... continue reading


Retail giant Wal-Mart closing 269 stores in U.S. and Brazil Watch

Image of Of the closures announced Friday, 154 locations will be in the U.S., including the company's 102 smallest-format stores called Wal-Mart Express.

By Catholic Online (CALIFORNIA NETWORK)

Wal-Mart, the uncontested retail giant is just as susceptible to the difficulties of market demands as anybody else is. Wal-Mart has announced that it will be closing 269 markets in both the United States and Brail, the latter the result of a souring economy. ... continue reading


More than $5,000 in taxes collected for every U.S. worker - government still IN DEFICIT Watch

Image of There were 147,439,000 people employed in the United States in December 2014.

By Catholic Online (CALIFORNIA NETWORK)

In what should come as no surprise - tax revenue generated for the first three months of fiscal 2016 -- October through December of 2015 - set an all time record. This did not translate in a reduction of the federal deficit. The Internal revenue Service ... continue reading


U.S. economy to suffer because of China collapse Watch

Image of Chinese markets slid on Thursday, forcing a shutdown.

By Marshall Connolly, Catholic Online (CALIFORNIA NETWORK)

Another day of losses has hit markets around the globe, starting with a slide so fast and so deep in the Chinese markets that trading was halted. The ripples of the Chinese collapse are being felt around the world with U.S. markets dropping at least 1 percent. LOS ... continue reading


World's richest will meet in Davos, to decide how best to DISPOSE of you Watch

Image of The language of the forum is very benevolent, but make no mistake, the people gathering there don't have your best interest in mind. If they did, the world would be a much different place --and they wouldn't need snipers.

By Marshall Connolly, Catholic Online (THE CALIFORNIA NETWORK)

The Davos men are coming, and guess what's on their agenda? How they will carve up the new world created by the Fourth Industrial Revolution. LOS ANGELES, CA (California Network) - Known formally as the World Economic Forum, the annual meeting of the world's most ... continue reading


NOT-SO FUNNY MONEY: Weird currency in Israel collages American $100 bills with jihadist leaders Watch

Image of Israeli police are investigating the origin of the bills, which was being sent for a forensic analysis.

By Catholic Online (CALIFORNIA NETWORK)

Odd "play money" that collages the American $100 bill with photos of jihadist group leaders have been discovered in northern Israel. Discovered in the northern Israeli town of Sde Eliezer, authorities are stumped to the bills' origin and purpose. LOS ANGELES, ... continue reading


Greedy CEO loses $500 million in failing Obamacare investment Watch

Image of The CEO of United Healthcare invested in ObamaCare last year and will reportedly lose $500 million

By Kenya Sinclair (CALIFORNIA NETWORK)

In 2014, United Healthcare CEO Stephen Hemsley invested in ObamaCare. Today, he realized the decision would cost an estimated $500,000,000 over the next two years. LOS ANGELES, CA (Catholic Online) - By investing in ObamaCare, United Healthcare was able to lower ... continue reading


Three BILLION barrels of excess oil available now - but is this a good thing? Watch

Image of Inflated inventories and oil wealth has spread globally, from the United States to the developed economies of Europe, and now China, according to the agency.

By Catholic Online (CALIFORNIA NETWORK)

With the price of gas comfortably lower than $3 a gallon at many gas pumps across the land, consumers are enjoying a price break. The reason behind this windfall is largely because there are now more than three billion barrels of excess oil in the world. This ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

the FEED
by Catholic Online

  • MAKE YOURSELF COUNT! Complete this quick Ash Wednesday survey
  • Can you answer these four challenging questions about Lent?
  • Stations of the Cross - Series HD Video
  • Daily Readings for Tuesday, February 09, 2016
  • St. Apollonia: Saint of the Day for Tuesday, February 09, 2016
  • Daily Reading for Tuesday, February 9th, 2016 HD Video
  • 10 important things to consider during Lent

Daily Readings

Reading 1, First Kings 8:1-7, 9-13
1 Solomon then summoned the elders of Israel to Jerusalem to bring the ... Read More

Psalm, Psalms 132:6-7, 8-10
6 Listen, we heard of it in Ephrathah, we found it at ... Read More

Gospel, Mark 6:53-56
53 Having made the crossing, they came to land at Gennesaret and moored ... Read More

Saint of the Day

Saint of the Day for February 8th, 2016 Image

St. Jerome Emiliani
February 8: Jerome Emiliani lay chained in the dark dirty ... Read More