Indonesia's Lion Air to Buy 230 Boeing 737s

Sale is largest commercial order in Boeing history, according to the White House.

Indonesia's Lion Air has agreed to buy 230 Boeing 737 jets with a list price of $21.7 billion, the White House said Thursday, touting the sale as Boeing's biggest-ever commercial order.

The deal was announced soon after President Obama touched down in Bali for the East Asia summit, on the final leg of a regional tour partly aimed at drumming up markets for U.S. products at a time of slow growth back home.

Obama arrived Thursday on the Indonesian resort island of Bali for the summit, which is expected to be dominated by a maritime dispute with China.

Air Force One touched down in Bali after a journey from Australia, where Obama showcased a foreign policy shift toward Asia, which will see the United States act as a counterbalance to China's growing military and economic might.

Copyright Agence France-Presse, 2011

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