Market - - Nov 15,2017
Airbus has planted its biggest single deal worth $49.5bn comprising of 430 aircraft from Phoenix-based Indigo Partners.
Dubai Air Show brought good news for the aviation sector as Airbus signed a fresh $49.5 billion deal on Wednesday with Phoenix-based Indigo Partners. The deal includes the selling of 430 airplanes to the private equity firm that owns Frontier Airlines.
Moreover, another deal was fixed by Boeing to sell a total of 225 Boeing 737 MAX 10 planes to low-cost carrier FlyDubai. Both these agreements have created a raging report in the aviation industry.
Bill Franke, Indigo's managing partner flew to Dubai regarding the signing procedures. However, there are still final details which have to be worked out and should be completed by the end of this year, told Franke.
The previous biggest-ever sale handled by Airbus came in August 2015. The aircraft manufacturing firm sold 250 A320neos to Indian-origin budget airline IndiGo. This deal was roughly estimated at $26 billion. Indigo Partners and IndiGo aren’t related, in case there arises any confusion.
Post the news of the agreement went viral, Airbus shares rose higher, trading 2.7 percent greater at 85.75 euros as noted in Paris.
President Donald Trump was seen backing up Franke's words on Thursday. Franke told journalists that the American leader would feel glad about the A321neos bought by Indigo which would undergo finishing assembly in the Airbus plant situated in Alabama.
Airbus, based in Toulouse, France, has held more hopes of retaining its production of A380 double-decker jumbo jet. Furthermore, there are reports mingling that a prominent deal associated with A380 sale can be announced soon.