Airbus lands biggest-ever order with $49.5bn deal for 430 airliners

NATION-NOW     Airbus to sell 430 planes to Phoenix private equity firm Indigo for $49.5 billion     
       Airbus to sell 430 planes Indigo for $49.5B

Boeing had a strong lead on its European rival in total orders for this year going into the Dubai event.

The previous day, Boeing said that it had finalised an order for 20 additional 737 MAX 8s from ALAFCO Aviation Lease and Finance Company, doubling the lessor's order book for the MAX airplane.

According to commentators, the deal marked a dramatic turnaround for Airbus, which had been lagging behind Boeing in the contest for orders so far this year and had a bad start to the 12 -16 November air show. Including options to buy a further 50 planes, that deal could be worth $27 billion at list prices.

The purchase commitment, comprised of 273 A320neos and 157 A321neos worth 49.5 billion USA dollars at list prices, was announced at the Dubai Airshow by Bill Franke, Managing Partner of Indigo Partners, and John Leahy, Airbus Chief Operating Officer-Customers.

Here's a quick walkthrough of the massive deals that have been announced in the past 4 days.

The framework deal, along with flydubai's deal for Boeing's 737 MAX narrowbody jets, underscores how airlines are taking advantage of slowing global demand to negotiate competitive deals to add to their fleets.

Читайте также: EgyptAir Signs Deal With Bombardier

For Airbus, the 430-plane deal with Indigo Partners is a much-needed win after a year of struggling to keep up with Boeing.

"It's one of the few occasions where you can truly say it's the end of an era", Teal Group analyst Richard Aboulafia said of Leahy's retirement.

"This significant commitment for 430 additional aircraft underscores our optimistic view of the growth potential of our family of low-priced airlines, as well as our confidence in the A320neo Family as a platform for that growth", said Indigo Partners Managing Partner Bill Franke.

The Boeing 787 will give Emirates a level of flexibility and economy that its larger Boeing 777-300ER and Airbus A380 fleet could not approach.

Indigo Partners' mega deal shows the continued growth in the low-cost and ultra-low-cost segment of the airline industry. The A320neo is priced at $108m and the larger A321neo at $127m but manufacturers offer large discounts on jets. It's managed by William Franke, a pioneer of the cheap tickets and high fees airline business that has spread overseas and is growing in the United States.

Boeing has followed its opening-day announcement of a 40-aircraft commitment from Emirates for the 787-10 with three other orders. Stay tuned for more action.

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