Airbus Announces Nearly $50 Billion Deal

Bill Franke Managing Partner of Indigo Partners LLC attends a news conference at the Dubai Airshow in Dubai United Arab Emirates November

Paris: Airbus is due to announce the sale of 430 of its medium-range A320 family of aircraft to U.S. investment firm Indigo Partners in a deal worth more than $40 billion, a source said Wednesday.

Investment group Indigo Partners has bought the Airbus machines to use in its "low-cost" plane rental service, which was founded by the American, Bill Franke; considered to be one of the airline industry's most influential figures.

Meanwhile, Boeing inked a $27 billion deal with 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.

Despite the headline list price of the Indigo order, airlines typically get discounts on bulk-buys.

Airbus and Boeing went into the air show with 288 and 605 net orders, respectively.

The flurry of orders for the global rivals came at the Dubai Air Show, one of a series of worldwide events where the two companies like to clinch big deals.

The order should see the aircraft delivered in 2018 and 2019.

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The Airbus aircraft, whose wings are made in the United Kingdom, will be deployed across Indigo's airlines, which also include Frontier in the USA, and JetSmart in Chile.

Mr Leahy declined to say if the A380 deal could this happen this week.

FlyDubai said the planes would bring the low-priced carriers total fleet on order up to 320. More than 50 of the first 175 planes will be 737 MAX 10s, the newest and largest variant in the MAX family. "We look forward to the 787 becoming an integral part of EgyptAir's fleet as we progress our modernization and network expansion plans", Safwat Musallam, chairman and CEO of EgyptAir Holding Co., said in a news release. "We are honoured that flydubai has selected to be an all-Boeing operator for many years to come".

Emirates now relies exclusively on the Airbus 380 and the Boeing 777, making it the largest operator of both.

The largest global airline in the world, Emirates, made public today their over 15 billion dollars commitment for 40 Dreamliners of Boeing 787-10.

The Dubai Airshow wraps up on Thursday.

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