Title : Airbus to sell 430 planes to Indigo for $49.5 billion
link : Airbus to sell 430 planes to Indigo for $49.5 billion
Airbus to sell 430 planes to Indigo for $49.5 billion
- Epic business transaction marks the European firm's biggest-ever deal
- Announced at Dubai Air Show, deal includes 273 A320neos and 157 A321neos
- Airlines who'll use the planes include Frontier, JetSMART, Volaris and Wizz Air
European company Airbus will sell hundreds of planes to U.S. firm Indigo Partners for $49.5billion (£37billion).
Announced at the Dubai Air Show on Wednesday, the deal - which marks the company's biggest-ever deal - will include 430 crafts, including 273 A320neos and 157 A321neos.
The airlines that use the planes will include Frontier Airlines, JetSMART, Volaris and Wizz Air.
Big deal: European company Airbus will sell hundreds of planes to U.S. firm Indigo Partners for $49.5billion (£37billion)
Although the eye-watering sum sounds expensive, A320neos typically list for $108.4 million apiece and A321neos at $127 million, so it's a relative bargain.
Airlines and manufacturers often negotiate lower prices for big deals like these.
Airbus' previous biggest-ever sale came in August 2015, when it sold 250 A320neos to Indian budget airline IndiGo, a deal estimated to be worth $26billion (£19billion) at list prices.
Until Wednesday, the only major deal announced at the Dubai Air Show came on Sunday, when long-haul carrier Emirates purchased 40 Boeing 787-10 Dreamliners in a $15.billion (£11billion) deal.
Airbus, which is based in Toulouse, France, has pinned hopes of continuing production of its A380 double-decker jumbo jet on Emirates, the world's largest operator of the aircraft. Reports circulated before the air show that a major A380 sale would be coming.
Airbus employees even filled a news conference on Sunday, expecting the A380 sale, instead to find state-owned Emirates making the deal with Boeing in front of Dubai's ruler, Sheikh Mohammed bin Rashid Al Maktoum.
Emirates now relies solely on the Airbus 380 and the Boeing 777 for its flights, making it the largest operator of both.
It has 165 Boeing 777s in its fleet today and took possession of its 100th A380 earlier this month.
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