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Airbus : a history command at $ 40 billion
December 18 2017, 02:47 | Alonzo Simpson
Order is for 273 Airbus A320neos and 157 A321neos the revamped version of the A320
Paris: Airbus is due to announce the sale of 430 of its medium-range A320 family of aircraft to USA investment firm Indigo Partners in a deal worth more than $40 billion, a source said Wednesday.
The deal was struck with Phoenix-based Indigo Partners, a private equity firm that owns Denver-based Frontier Airlines and also backs Mexico's Volaris airline, Hungary's Wizz Air and Chile's JetSmart. They are US company Frontier Airlines, Mexico's Volaris, Chilean carrier JetSmart and Hungary's Wizz.
The announcement came at the Dubai Air Show and the deal includes 273 A320neos and 157 A321neos.
Despite the headline list price of the Indigo order, airlines typically get discounts on bulk-buys. The aircraft will be delivered in 2018 and 2019.
"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. Airbus has for now declined to comment.
Wednesday saw two enormous aircraft purchase orders for both Airbus and Boeing, in one of the most record-breaking days in recent aviation business history, Dubai Airshow organizer F&E Aerospace said in an e-mailed statement on Wednesday.
Meanwhile Boeing inked a 27 billion dollars deal with Dubai's government-controlled low-budget carrier flydubai for 225 aircraft in its 737 MAX family, the largest-ever single-aisle jet order, by number of airplanes and total value, from a Middle East carrier. It's an even bigger deal with the impending retirement of long-time sales boss John Leahy.
Kevin McAllister, Boeing Commercial Airplanes President and CEO said the deal marked a great day, and secured hundreds of jobs across the region and in the US.
FlyDubai said the planes would bring the low-priced carriers total fleet on order up to 320. Overall, Boeing has been eating Airbus's lunch so far this year, out-selling the Toulouse, France-based planemaker by 690 to 343.
Boeing and AerCap, a Dublin-based aviation leasing company, also announced today that EgyptAir would lease six 787-9 Dreamliners.
The order on the penultimate day of the Dubai Airshow comes after what could have been a hard week for Airbus.