Airbus SE announced the biggest commercial-plane deal in its history, securing an order valued at almost US$50 billion for 430 planes from its single-aisle A320neo line and dramatically overshadowing the deals won by Boeing Co.
It would be the biggest ever order for Airbus and would more than double the value of the company's sales for the year.
The planes aren't all for one airline. To put it in perspective, a single airline with 430 planes would rank among the 10 largest carriers on the planet.
Based on the list price of the A320neo, Airbus's best-selling single-aisle jet, the purchase is worth US$49.5 billion before customary discounts.
Indigo Partners' managing partner, Bill Franke agreed the deal with Airbus after he flew into the Dubai Air Show earlier Wednesday.
Airbus and Boeing went into the air show with 288 and 605 net orders, respectively.
Indigo controls Frontier and Chilean low-cost start-up JetSmart and also holds stakes in Mexican budget airline Volaris and European low-cost carrier Wizz.
In a statement, the Hungarian LCC said that while deliveries will start in 2022, the bulk of this order's aircraft will be delivered in 2025 and 2026, following on from the delivery of the 110 Airbus A321neo aircraft ordered by Wizz Air in 2015. Franke, 80, signed the preliminary order at the Dubai Airshow.
Wednesday's historic deal represents a final grand act for Airbus's chief salesman, John Leahy, who plans to retire from the company once a successor is selected.
- Myanmar military report denies atrocities against Rohingya
- Singapore train collides with stationary train leaving 23 injured
- Trump said 'lot of good report coming from India': Jaishankar
- Is MGM Resorts International (NYSE:MGM) A Safe Bet For Investors?
- Kentucky wins close one against Duncan brothers, Vermont
- Bailard INC Trimmed Intel Corp (INTC) Holding as Share Value Declined
- How to watch the Leonid meteor shower at its peak this weekend
- Kyrie Irving (facial fracture) plans to play vs. Brooklyn Nets
- Redskins Place Two On Injured Reserve, Sign Two To The Active Roster
- UC Browser app vanishes from Play Store following privacy concerns