Airbus seals record 430-jet deal to outshine Boeing in Dubai

Airbus seals record 430-jet deal to outshine Boeing in Dubai

Indigo has stakes in all ‎four airlines.

The company is negotiating to sell 430 A320neo single-aisle planes valued at more than $40 billion to USA investor Indigo Partners, people familiar with the matter said. Airbus declined to comment.

The air show is proving a positive one for Airbus, who began the annual event lagging behind rival Boeing in the order department in 2017, so far.

In a statement, the Hungarian LCC said that while deliveries will start in 2022, the bulk of this order's aircraft will be delivered in 2025 and 2026, following on from the delivery of the 110 Airbus A321neo aircraft ordered by Wizz Air in 2015.

The Indigo deal would more than double Airbus's existing order book for the year, which stood at about 290 aircraft as of October 31.

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The pact with U.S. investor Indigo Partners gives Airbus the upper hand at the Dubai Air Show, where it has been trailing its United States rival in orders.

The deal was worth $49.5 billion at list prices.

Worth almost $50 billion at list prices, the deal is a major rebound for Airbus, which has significantly lagged its USA arch rival Boeing in orders this year.

The last sizeable order for Airbus was in July, when the plane-maker signed a $23bn deal to sell 100 A320 aircraft to state-owned China Aviation Supplies Holding Company, to allocate to Chinese airlines.

Wednesday's historic deal represents a final grand act for Airbus's chief salesman, John Leahy, who plans to retire from the company once a successor is selected.

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