Lion Air to lease more aircraft.(Corporate News In Brief)(General Electric Leasing Company)(Brief Article)

Indonesian Commercial Newsletter, June, 2004

Privately owned airline company Lion Air said it will lease 19 units of MD-82 and Boeing 737-400 aircraft this year to serve international and domestic routes. The company will lease the aircraft from General Electric Leasing Company, its public relations manager Hasyim Arsal Alhabsi said. Hasyim did not say the cost of leasing but he said GE Leasing offers a cheap price for Lion Air.

Currently Lion operates 23 units of aircraft including 20 units of MD-82 with a carrying capacity of 152 passenger each and 3 Dash 8 aircraft. Lion already owns 8 of the aircraft. Meanwhile, Jatayu, another privately owned airline company plans to lease four more Boeing 737-300 aircraft, and state-owned Merpati Nusantara plans to lease six Boeing 737-300 and Boeing 737-200 aircraft this year.