What happened here Boeing?

[iGas]

http://www.thejakartaglobe.com/business/lion-airs-record-airbus-order-costs-24-billion/580477

Paris. Lion Air President Rusdi Kirana confirmed on Monday that the airline was ordering 234 Airbus jets to be delivered from 2014 to 2026 worth $24 billion.

"We are going to buy different kinds, but mostly the Airbus A320neo, [we ordered] 174 units of that," he told reporters in Paris ahead of the expected signing of the record deal.

The airlines are respectively among the top buyers of Boeing and Airbus jets. Airlines rarely switch suppliers because of re-training costs and the burden of keeping extra spares, but the practice of "flipping" has grown as market share battles raged.

Was Boeing sleeping at the helm and let Airbus snatch a loyal Boeing customer?

 

[sdifox]

or Airbus was better at buying coffee.

 

[Eureka]

Could be bad press with Boeing's spontaneously combusting aircraft...

 

[techs]

Boeing has 6300 737NG's already ordered.
Maybe they couldn't promise to deliver fast enough and Airbus could?

 

[LTC8K6]

Those A320's and options may be for the new Lion Air/Indonesia startup, Malindo Air.

Lion Air recently ordered a boatload of 737's.

http://www.bloomberg.com/news/2012-...rd-order-from-lion-air-for-737-airplanes.html

 

[AMCRambler]

My guess? This little snippet right here.

"The purchase, he added, would be funded almost entirely by export credit agencies from France, Germany and England."

How much you want to bet EU banks wouldn't give them a loan for Boeing jets? They are also buying them entirely on credit? Yikes! Even riskier than the mortgage bs here in the US. I predict epic fail.

 

[sdifox]

My guess? This little snippet right here.

"The purchase, he added, would be funded almost entirely by export credit agencies from France, Germany and England."

How much you want to bet EU banks wouldn't give them a loan for Boeing jets? They are also buying them entirely on credit? Yikes! Even riskier than the mortgage bs here in the US. I predict epic fail.

I was under the impression most plane purchases are like that.

 

[Rage187]

Boeing set up shop here a few years ago and is clearing off even more land near the airport for expansion. Welcome to South Carolina.

Even when Washington strikes, SC will still be running 24/7. I've heard they work you to death though.

 

[K1052]

If you need about 400+ aircraft in the not too distant future then you're going to have to split the order, particularly given the backlog of existing 737 orders that stretchs to the end of the decade.

 

[ichy]

My guess? This little snippet right here.

"The purchase, he added, would be funded almost entirely by export credit agencies from France, Germany and England."

How much you want to bet EU banks wouldn't give them a loan for Boeing jets? They are also buying them entirely on credit? Yikes! Even riskier than the mortgage bs here in the US. I predict epic fail.

Almost all airliners are financed or leased. It's just too capital-intensive of a business to do things any other way.

A plane like an A320 is a very low-risk item to finance. If the airline goes Belly-up there are plenty of buyers for a lightly used modern airliner.

 

[KeithP]

Almost all airliners are financed or leased. It's just too capital-intensive of a business to do things any other way.

Yes, but given the organizations giving the credit, I am assuming Boeing would never have a chance over AirBus.

-KeithP

 

[Bee4945]

LOL i never know AT will discuss about this too in here

 

[LTC8K6]

Ryanair just announced an order for 175 737-800's.

In combination with Lion Air's recent large 737 order, that's a hell of a lot of planes ordered from Boeing.

 

[ichy]

Yes, but given the organizations giving the credit, I am assuming Boeing would never have a chance over AirBus.

-KeithP

The US Export-Import Bank does the same sort of thing for Boeing.