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Gone Shopping in Singapore

Indonesia Airlines Spend More than $US20 billion at Singapore Air Show

(2/17/2012) Jawa Post reports that the recent Singapore Air Show demonstrates that the Indonesian airline industry is playing a leading international role in travel and aviation.

On February 15, 2012, the first day of the five-day aviation show, Lion Air and Garuda Indonesia signed contracts worth  more than US$20 billion.

Indonesian operator Lion Air was an object of attention from the more than 900 aviation companies from 50 countries represented at the Singapore exhibition. The privately owned airline headed by Rusdi Kirana traveled to the Island Republic to sign a contract worth US$22.4 billion for the purchase of 230 Boeing 737 Max and Boeing 737-900ER.

The Managing Director of Experia Events who organized the aviation exhibition commented: “This is extraordinary. That figure is equal to the total transactions signed in Singapore during the 2010 show.”

He explained that the Lion Air deal more than surpassed by 100% the targeted sales set for the entire exhibition.

Lion Air also was reportedly signing contracts for an additional purchase of aircraft from Hawker Beechcraft for four Hawker 900XP with an estimated value of US$64 million.

Meanwhile, the Indonesian flag carrier PT Garuda Indonesia came to Singapore to purchase 18 Bombardier aircraft made in Canada. To be used on domestic and region routes, these 100-seat aircraft carried a price tag of US$720 million.

The Singapore Air Show was held at the Changi Exhibition Center, located only 10 minutes from Singapore's Changi Airpory and is now considered the world’s third largest air show after similar events staged at Le Bourget Airport in Paris and Farnborough in England.

The Singapore Air Show occupied a covered exhibition area of 4 hectares and open outdoor space of 1 hectare.