PARIS, Sept 25: Indonesia’s Lion Air may add more jets to recent plane orders in order to keep pace with Southeast Asia’s transport growth as a U.S. Analyst said the airline may place a multi-billion-dollar order with Europe’s Airbus.
Lion Air co-founder and chief executive, Rusdi Kirana, said on Tuesday that Southeast Asia’s double-digit increase in air travel demand, spurred by economic growth and rising incomes, was set to continue.
‘We think that in the next decade we will need a lot of aircraft,’ he told Reuters in a telephone interview. ‘The market is growing very fast. We are looking, but it depends on pricing and many other factors. We are talking, but we have not made any decisions.’
U.S. Aerospace analyst Scott Hamilton said however, that Lion Air was poised to order up to 100 Airbus jets, breaking Boeing’s dominance at Indonesia’s largest domestic airline.
Orders of 100 aircraft would be worth approximately $9 billion at list prices for 150-seat jets like the Airbus A320. Shares of AusGroup Ltd, which provides construction services to the mining as well as oil and gas industries, surged after the company said it is looking to list on the Australian Securities Exchange (ASX).
AusGroup shares rose as much as 12 percent to S$0.46, the highest since May 20 last year. Nearly 38 million shares were traded, 4.6 times the average full-day volume over the past 30 days. AusGroup was among the top traded stocks by both value and volume in the Singapore market.
(agencies)
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