Arab Today, arab today obama claims share of credit for huge boeing deal
Last Updated : GMT 11:40:47
Arab Today, arab today
Arab Today, arab today

Obama claims share of credit for huge Boeing deal

Arab Today, arab today

Arab Today, arab today Obama claims share of credit for huge Boeing deal

Nusa Dua - AFP

US President Barack Obama Friday claimed a share of the credit as Boeing sealed its largest-ever commercial aircraft order to build 230 jets worth $21.7 billion for Indonesia\'s Lion Air. The deal, for 201 737 MAXs and 29 737-900 ERs, bolstered Obama\'s strategic decision to orient the struggling US economy with booming markets in emerging Asia, which he sees as an engine of US jobs growth for years to come. Obama officiated at the signing of papers sealing the deal between Boeing and Lion Air, a low-cost regional carrier, before plunging into a day of diplomacy with Southeast Asian leaders on the last leg of a Pacific tour. \"The US administration and the (Export-Import Bank) in particular were critical in facilitating this deal,\" Obama said, saying such commercial successes were critical to his goal of doubling US exports to speed recovery. \"I want to congratulate Boeing for making outstanding planes, including the one I fly on,\" Obama said, referring to his iconic presidential 747, at the ceremony on the Indonesian island of Bali attended by top US officials and Lion Air executives. The president is in town for a Southeast Asian summit as well as Saturday\'s wider East Asia Summit which he sees as the cornerstone of security engagement with a region where China\'s rise is provoking searching strategic questions. Boeing earlier said in a statement that the Lion Air deal would be \"the largest commercial airplane order ever in Boeing’s history by both dollar volume and total number of airplanes.\" By the face value, it would also be the largest any aircraft maker has received. The agreement, which will unfold over many years, also includes the option to order another 150 aircraft, which could put the eventual value at $35 billion. Boeing spokesman Wilson Chow said the sale underscores the strength of the aviation market in the fast-growing Asia-Pacific region. \"According to our outlook, Asia-Pacific is one of our fastest growing markets areas... We\'re expecting a seven percent growth of traffic per year for the next 20 years,\" he told AFP. He declined to give a timeframe for delivery of the aircraft, but noted that the 737 MAX will only be ready for delivery in 2017.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today obama claims share of credit for huge boeing deal Arab Today, arab today obama claims share of credit for huge boeing deal

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday