Airbus wins jet order worth $49.5B

Reports Airbus on verge of a signing deal to sell 430 A320's to US based investor Indigo Partners
Airbus lands biggest-ever order with $49.5bn deal for 430 airliners

16 November, 2017

Indigo Partners, a U.S. firm, ordered 430 medium-haul A320neo and A321neo jets from the Toulouse-based company, at a cost equivalent to over United States dollars $50 billion, according to reports.

The order includes A320neos and A321neos, the source said.

The Indigo Partners deal is the single largest order by number of aircraft that any individual plane maker has received.

"It's their call", Clark, speaking to journalists at the Dubai Air Show, said of Airbus and the future of the manufacturer's flagship product.

The Airbus, Indigo Partners deal isn't just good news for the airplane manufacturer, it will also double the stock of planes across the Indigo Partners low-priced carrier group.

The transaction includes a new order for two freighters. It agreed to buy 150 Boeing 777X planes and 50 A380s, which were worth a total of $99 billion at list prices.

Not to be outdone, Boeing announced an order for 175 737 Max jets from discount carrier FlyDubai.

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Why are the deals so big?

Indigo Partners is an investment company specializing in the leasing of aircraft to companies at low cost, founded by the American Bill Franke, one of the figures most influential in the world by air. Indian low-priced airline IndiGo (which isn't connected to Indigo Partners) bought 250 Airbus jets in 2015.

Indigo Partners is a US-based private equity group that invests in airlines.

"We like how it's shaping up", Kevin McAllister, head of Boeing Commercial planes, said of the midmarket jet over the weekend.

Later on Wednesday, Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of flydubai, signed an agreement between Boeing and flydubai for the 225 Boeing 737 MAX aircraft, saying: "Today's order underlines the success of flydubai's founding vision in changing the way people travel across the region".

The largest worldwide airline in the world, Emirates, made public today their over 15 billion dollars commitment for 40 Dreamliners of Boeing 787-10.

Michele van Akelijen, Managing Director of organisers, Tarsus F&E LLC Middle East, said: "Today's most memorable deals underline that Dubai Airshow is the place where the global industry comes to do business".

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