Dubai Airshow: Airbus seals order with USA firm Indigo

Reports Airbus on verge of a signing deal to sell 430 A320's to US based investor Indigo Partners

The deal represents the largest single order for Airbus planes by volume and comprises 273 A320neos and 157 A321neos, worth a combined $49.5 billion at list prices.

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. They are USA company Frontier Airlines, Mexico's Volaris, Chilean carrier JetSmart and Hungary's Wizz.

Airbus and Boeing struck almost $77 billion worth of deals at the Dubai Airshow as discount carriers rushed to take advantage of discounts and lock in the cost of their aircraft procurements.

Buyers typically receive discounts of 40% to 60% on the list prices, but can get bigger reductions for huge deals.

But Airbus scored its first deal at Dubai, signing a memorandum of understanding for 25 A320neo jets worth $2.7 billion with Kuwait's Wataniya Airways.

Meanwhile, Boeing reached an agreement with low-priced carrier FlyDubai to sell 225 Boeing 737 MAX 10 aircraft - a deal valued at $27 billion.

Why are the deals so big?

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                                                            |By Tim Hepher and
Image Zoom |By Tim Hepher and

Airbus has signed a deal to sell 430 jetliners, one of the largest orders in the history of commercial aviation.

There's nothing like an worldwide air show to bring out the multibillion-dollar sales, and the 2017 Dubai Airshow is setting a new standard.

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

FlyDubai said the planes would bring the low-priced carriers total fleet on order up to 320.

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".

That failure was referenced by Airbus' retiring sales chief John Leahy at the beginning of the press conference prefacing the announcement with: "Just to clarify: this is not an A380 press conference".

The blockbuster finale to the main part of the November 12-16 show lifted a despondent mood that had settled over the Airbus chalet when a deal for A380 superjumbos collapsed on day one.

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