Finance

Airbus in $40 b deal to sell 430 A320s to United States firm

Airbus in $40 b deal to sell 430 A320s to United States firm

Boeing immediately hit back with a provisional agreement to sell 175 planes to budget airline flydubai. Airbus is preparing to announce an order of 430 medium-haul A320 family by the american society of investments of Indigo Partners for an amount in excess of $ 40 billion (34 billion euros), a-t-on learned from a source close to the folder.

Wednesday's deal will see the 430 aircraft split between the Phoenix-based equity firm's Frontier Airlines and three other ultra low-priced airlines, including Mexico's Volaris; Hungary's Wizz Air; and Chile's JetSMART.

The Dubai Airshow wraps up on Thursday.

From left to right, Barry Biffle, chief executive officer of Frontier Airlines, Barry Eccleston, president of Airbus Americas, Bill Franke, managing partner of Indigo Partners, John Leahy, chief operating officer - Customers of Airbus, Jozsef Varadi, chief executive officer of Wizz Air, Enrique Beltranena, founder and CEO of Volaris, and Estuardo Ortiz, CEO of JetSMART, pose for a photo after an Airbus announcement in Dubai, United Arab Emirates on November 15, 2017.

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 today. "I can see a place in transcontinental U.S. and Asia", he said, adding it would suit markets with congested airports but relatively low freight traffic, where airlines may not be willing to bet on a traditional twin-aisle jet sitting more than 250 people.

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Flydubai's first 737 MAX 8 takes off from Boeing's Seattle delivery center in July.

"We like how it's shaping up", Kevin McAllister, head of Boeing Commercial planes, said of the midmarket jet over the weekend. "This caps a terrific week for all of us at Boeing".

The package technically covers four separate agreements jointly negotiated through Franke as a common investor, and Airbus billed the deal only as a record "announcement".

Boeing and AerCap, a Dublin-based aviation leasing company, also announced today that EgyptAir would lease six 787-9 Dreamliners.

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

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