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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
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 think 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.
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