Dubai Airshow: Airbus seals order with United States firm Indigo
16 November 2017, 01:36 | Andres Norman
Emirati men visit the Dubai Airshow at its venue in Dubai
It agreed to buy 150 Boeing 777X planes and 50 A380s, which were worth a total of $99 billion at list prices.
For Airbus, the 430-plane deal with Indigo Partners is a much-needed win after a year of struggling to keep up with Boeing.
Boeing's big deal of the day was an agreement with flydubai, the hometown airline, for the purchase of up to 225 more 737 MAX jets for a list-price value of $27 billion. Clark said this week that he could accommodate more, but with no other notable buyer on the horizon, Airbus's long-term commitment to the aircraft has become an issue.
"Hopefully I can do better than that", he added.
Emirati men visit the Dubai Airshow at its venue in Dubai.
Indigo Partners is a Phoenix-based private equity firm which owns Frontier Airlines and part of Volaris. These would be lapped up by four ultra low-priced airlines including Wizz Air from Hungary, US-based Frontier Airlines, Volaris from Mexico, and a three-and-a-half month old Chilean airline JetSMART.
They operate what Mr Franke called an "ultra-low cost model".
Franke went to Airbus several months ago with a proposal to pool the needs of his airlines, setting in train a complex negotiation that one observer described as "herding cats".
The penultimate day of the Dubai Airshow saw two enormous aircraft purchase orders worth $76.5b for both Airbus and Boeing, in one of the most exciting days in recent aviation business history. The developments came ahead of the biennial air show closing on Thursday.
With the Dubai show winding down, Airbus' mega-sale made up for its disappointment earlier this week when a big sale of A380 jets to Emirates Airline failed to come together.
"Just to clarify: This is not an A380 press conference", The Associated Press quoted Leahy as saying. The two rivals account for the vast majority of the market.
It also means that the European giant will overtake its United States rival Boeing, which has sold 605 planes so far this year. That's why the deals here are mostly multi-billion dollar newsworthy ones.
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