Record Airbus order as Franke ups bet on budget airlines

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Record Airbus order as Franke ups bet on budget airlines

Veteran airline investor Bill Franke looked set to place a historic $40 billion order for around 400 Airbus jets, shaking up the low-priced industry and turning the annual race between Airbus and Boeing for plane orders on its head. The new jets will be divided among its Frontier Airlines, JetSMART, Volaris and Wizz Air carriers. They are US company Frontier Airlines, Mexico's Volaris, Chilean carrier JetSmart and Hungary's Wizz.

Airbus Chief Executive Tom Enders left the air show on Monday, though sales chief John Leahy remained at the event in an effort to catch up on negotiations delayed by urgent talks prompted by the unexpected suspension of the A380 deal.

The Airbus, Indigo Partners deal isn't just good news for the airplane manufacturer, it will also double the stock of planes across the Indigo Partners low-priced carrier group.

The purchase commitment, comprised of 273 A320neos and 157 A321neos worth 49.5 billion US dollars at list prices, was announced at the Dubai Airshow by Bill Franke, Managing Partner of Indigo Partners, and John Leahy, Airbus Chief Operating Officer-Customers.

Boeing 737 MAX 10s, a twin-engine, single aisle plane capable of carry 230 passengers, have a list price of $124.7 million.

The Gulf super-connector has hinted, along with many of its peers, that it sees the future in smaller more efficient aircraft.

Meanwhile, Boeing inked a $27 billion deal with carrier flydubai for 225 aircraft in its 737 MAX family, the largest-ever single-aisle jet order - by number of airplanes and total value - from a Middle East carrier.

The flurry of orders for the global rivals came at the Dubai Air Show, one of a series of worldwide events where the two companies like to clinch big deals.

According to reports, Airbus is close to signing the biggest deal in its history. Indian low-priced airline IndiGo (which isn't connected to Indigo Partners) bought 250 Airbus jets in 2015. The developments came ahead of the biennial air show closing on Thursday.

The largest global airline in the world, Emirates, made public today their over 15 billion dollars commitment for 40 Dreamliners of Boeing 787-10. The agreement was signed with Kevin McAllister, the CEO and President of Boeing Commercial Airplanes.

Emirati men visit the Dubai Airshow at its venue in Dubai.

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