President Obama Touts Job-Creating Potential of Boeing Indonesia Deal

Nov 17, 2011 11:15pm

BALI, Indonesia — Hailing the deal as a “remarkable example” of the commercial opportunities in the Asia-Pacific region, President Obama touted a new agreement between Boeing and an Indonesian company, claiming it will create more than 100,000 jobs in the United States.

“For the last several days, I’ve been talking about how we have to make sure that we’ve got a presence in this region, that it can result directly in jobs at home.  And what we see here — a multibillion-dollar deal between Lion Air — one of the fastest-growing airlines not just in the region, but in the world — and Boeing, is going to result in over 100,000 jobs back in the United States of America, over a long period of time,” Obama said this morning at a signing ceremony between the two companies in Bali, Indonesia, where the president is meeting with East Asian leaders.

Lion Air has agreed to purchase 230 Boeing airplanes at a list price of$ 21.7 billion, marking the largest commercial airplane agreement ever for Boeing. 

The White House has been eager to show the job-creating potential of investments in the Asia-Pacific region during the president’s nine-day trip to Hawaii, Australia and Indonesia.

“This is a remarkable example of the trade investment and commercial opportunities that exist in the Asia Pacific region,” the president said. 

“I want to congratulate Boeing for making outstanding planes, including the one that I fly on,” the president joked. “And this is an example of a win-win situation, where the people of the region are going to be able to benefit from an outstanding airline and our workers back home are going to be able to have job security and be able to produce an outstanding product made in America.”

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