French President Francois Hollande (L) chats with Indonesian President Joko Widodo after a welcoming ceremony at the presidential palace in Jakarta on March 29, 2017. Photo: Reuters, Darren Whiteside

The office of French President Francois Hollande said Wednesday that Indonesia has signed a letter of intent to buy the Airbus A400M military aircraft, a boost to the program which has run into billions of euros of cost overruns, reports Reuters.

During President Hollande’s visit to Indonesia on Wednesday, France also pledged US$2.6 billion in investments for the country.

The visit is the last of Hollande’s Southeast Asian tour, which included visits to Singapore and Malaysia.