Lion Air and Volvo Aero Sign Important Overhaul Contract (pzone via Yahoo! Australia & NZ Finance)

GOTEBORG, Sweden, June 13, 2005 (PRIMEZONE) -- The Indonesian airline Lion Air and Volvo Aero have signed an agreement in which Volvo Aero assumes responsibility for the engines to Lion Air's fleet of MD80 aircraft. This represents an order value for Volvo Aero of USD 17 M, about SEK 120 M, annually. The contract may increase, since Lion Air has announced its intention to expand its MD80 fleet

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Posted June 13, 2005

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