ibusinesslines.com
ibusinesslines.com November 17, 2017


Airbus Nears Deal for 430 Jets With Indigo Partners

15 November 2017, 10:34 | Kelvin Horton

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

A plane of Al Fursan or the Knights a UAE Air Force aerobatic display team performs during the Dubai Air Show United Arab Emirates Monday Nov. 13 2017

Veteran airline investor Bill Franke of Indigo Partners signed the preliminary order on Wednesday morning to buy 430 planes, comprising of 273 A320neos and 157 A321neos.

The umbrella deal is created to supply aircraft to four airlines in which Mr Franke's Indigo Partners investment company has stakes: US-based Frontier Airlines, Mexico's Volaris, Chilean carrier JetSmart and Hungary's Wizz.

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.

"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 looked set to place a historic $40 billion order for around 400 Airbus A320 jets, shaking up the low-priced industry and turning the annual race between Airbus and Boeing for plane orders on its head.

"Indigo Partners have been a tremendous customer and supporter of the Airbus single-aisle fleet for many years", said John Leahy, Airbus Chief Operating Officer Customers, Airbus Commercial Aircraft.


Even so, competition at the show remained intense. Airbus declined to comment.

Reports also show Egyptair has placed an order for 12 C-Series Bombardier Jets, with the prospect of a further order for more.

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

At current list prices, these additional aircraft are worth in excess of US$17.2 billion although discounts will be granted by Airbus.

"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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