etvfutures.com
etvfutures.com November 22, 2017


Airbus set to secure record order from Indigo Partners

15 November 2017, 10:34 | Cesar Cruz

Emirates keeps pressure on Airbus to commit to A380 project

Attendees walk on the tarmac as a Emirates Airlines Boeing Co. 777 left and the 100th Emirates Airbus SE A380 stand beyond during the 15th Dubai Air Show at Dubai World Central. Natalie Naccache  Bloomberg

Private equity firm Indigo Partners has signed a memorandum of understanding for 430 Airbus A320neo family aircraft at the Dubai air show.

The deal includes aircraft for Wizz Air, Frontier Airlines, Jetsmart and Mexico's Volaris.

"We've done a little research and we don't ‚Äéthink there's been a larger order ever", Franke said at the press conference in Dubai on Wednesday.

Airline pioneer Bill Franke placed a historic order for 430 Airbus A320neo-family jets on Wednesday, doubling down on investments in ultra-low cost airlines that offer bargain ticket prices coupled with a slate of extra fees.

The deal marks a dramatic turnaround for Airbus, which had been lagging behind Boeing in the contest for orders so far this year and had started the Nov 12-16 air show on a backfoot.

Even so, competition at the show remained intense.

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In addition, a separate deal for 175 jets from flyDubai, possibly to be split between Airbus and Boeing is also on the cards.

This new order, if approved by Wizz Air's shareholders, would bring Wizz Air's outstanding orders with Airbus to 282 aircraft, including also eight Airbus A320ceo and 18 Airbus A321ceo aircraft, deliveries of which will continue to early 2019 and 110 Airbus A321neo aircraft, deliveries of which are planned to start in 2019 and continue through to the end of 2024. Airbus declined to comment.

Leahy, 67, is due to retire in coming months after serving as sales chief for the European planemaker since 1994.

This comprises 273 A320neos and 157 A321neos, valued at $49.5 billion at list prices.

The airline had announced orders for 288 planes as of the end of October.

"I think both sides will take stock and see if something can be agreed later this year", an industry source told Reuters.



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