Indonesia's Lion Air to Buy 230 Boeing 737s

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