The Indonesian President normally travels on a GA
A330 for long haul... The comment was not about why doesn't the president fly on a Lion aircraft (which will probably result in our Vice-President being our President before the end of the trip), but it's throwing a pun... The President of Indonesia flying on a Garuda Airbus to see a Lion Boeing deal... In Indonesia, the Garuda v Lion war is waaaay more interesting than the Airbus v Boeing wars...
Quoting the Lion CNN link http://edition.cnn.com/2005/BUSINESS...5/25/indonesia.air.reut/index.html
"The spokesman gave no more details on the financing plan for privately owned Lion Air, which has made inroads into the local market with competitive ticket fares and flights to popular Indonesian destinations.
Alhabsi also declined to say who owned the airline, except that it was Indonesian."
Well... as far as I know, no local financiers will be mad enough to finance such an order... Lion has a reputation of not paying their obligations! (ask maintenance guys and hotels for crew stays!)... Secondly, their financing requests were rejected in the past (20 A320 financing were rejected 2 years ago).
Secondly, who owns the airline? This is a public mystery... I can post it here but I'll be sued immediately
"Lion's current fleet comprised 38 aircraft, Alhabsi said, adding that around half of those were leased."
On the last count we made early this month, their fleet consists of 27 aircraft.
"Following the deal, Lion Air might launch an initial public offering of its shares either next year or in 2007, he added."
Now they've secured the delivery slots... I would not be surprised if...
1. Lion can't get the financing, and then goes to the investors and say... "We've secured the delivery slots with struggle and perseverence, but those damn foreigners won't give us financing... Please help us..." *Yes they've done something like this before*.
2. If #1 fails, they'll go and use the IPO to finance the deal... BUT, knowing how hyped up Lion's image is amongst the novice investors, those people will flock to buy Lion shares without even noticing big chunks of information missing from the prospectus... then after the IPO... they won't get the aircraft citing... "it's too late..." or "we're not getting support we need from (insert black sheep here)..."
Sounds unlikely? They've done it before... If they blame a worn out tyre bursting upon landing as "We're convinced the airport has put nails or sharp objects on the runway" on public record and through the mouth of Alhabsi it's PR
man who's now having his ego blown with CNN asking him questions about this order... What's stopping them from making crazier comments in the future?
Seriously, O'Leary should learn from this guy!
Good Luck Boeing... U're gonna need it!