Boeing inks $1.3B Ethiopian Airlines deal for 777 freighters

Reports Airbus on verge of a signing deal to sell 430 A320's to US based investor Indigo Partners

The deal was worth $49.5 billion at list prices.

Airbus hailed its biggest ever airliner deal on Wednesday with an umbrella agreement to sell 430 planes worth up to $50 billion to USA budget airlines investor Bill Franke.

Indigo Partners is a U.S. investment firm founded by Bill Franke that specialises in the lease of planes to low-priced airlines.

The umbrella deal is created to supply aircaft to four airlines in which Franke's Indigo Partners investment company has stakes: US -based Frontier Airlines, Mexico's Volaris, Chilean carrier JetSmart and Hungary's Wizz.

The deal includes a new order for two aircraft, along with two others the airline announced as a commitment in June and which have now been converted into firm orders.

The mammoth deal puts Indigo Partners among the biggest customers by order number for Airbus single-aisle aircraft.

Landing such a massive deal is a coup for John Leahy, Airbus's chief salesman who is due to retire in the next few months.




For instance, Indigo Partners likely received a discount in the neighborhood of 45% to 48%, Airways senior business analyst Vinay Bhaskara told Business Insider.

As we can clearly see, most of the big-ticket orders were from budget airlines, also known as low-priced carriers, that seek volume and operate with tiny margins. Even though the order helps lift Airbus out of a sales slump, Indigo didn't agree to this deal to be altruistic. Nearly three-quarters of that will be single-aisle models, the company said.

"For long, the strategy of the Emirates has been to make investments everywhere in the world, possessing the most efficient and advanced fleet of aircrafts, our orders today has gone to buttress just that fact". Franke, 80, signed the preliminary order at the Dubai Airshow. In under a decade, flydubai has extended its network to 97 destinations in 44 countries, transporting more than 44 million passengers. The new crop of aircraft will be added to the flydubai fleet from as soon as 2019. The rest of the order comprises MAX 8 and MAX 9 aircraft.

"We are extremely honored that flydubai has selected to be an all-Boeing operator for many years to come", Kevin McAllister, Boeing Commercial Airlines' president and CEO, said today in a news release. This record-breaking agreement builds on our strong partnership with flydubai.

Airbus and Boeing have landed three mega-deals this week for a total of 695 planes worth $92 billion.

Leasing company AerCap will be providing 15 Airbus A320neo aircraft to the north African carrier, for delivery in 2020.

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