Boeing, Airbus gain bumper harvest at Dubai Airshow with historic deals

Boeing, Airbus gain bumper harvest at Dubai Airshow with historic deals

Airbus revealed its largest single announcement ever Wednesday, a 49.5 billion US dollars deal with USA private equity firm Indigo Partners to purchase 430 aircraft in its A320neo family, described as Airbus' largest ever single announcement. Emirates announced a $15.1 billion deal for Boeing 787-10 Dreamliners instead.

"This significant commitment for 430 additional aircraft underscores our optimistic view of the growth potential of our family of low-priced airlines, as well as our confidence in the A320neo Family as a platform for that growth", said Indigo Partners Managing Partner Bill Franke.

"Indigo Partners have been a tremendous customer and supporter of the Airbus single-aisle fleet for many years", said John Leahy, Airbus Chief Operating Officer Customers, Airbus Commercial Aircraft.

Meanwhile, Boeing reached an agreement with low-priced carrier FlyDubai to sell 225 Boeing 737 MAX 10 aircraft -a deal valued at $27 billion.

Also on Wednesday, Airbus won a $49.5 billion order from Indigo Partners' portfolio of low-priced airlines that include Frontier, Wizz Air, Volaris, and JetSmart.

Boeing stole the early headlines with an order for 40 planes, worth $15 billion at list prices, from Dubai's Emirates airline on Sunday.

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AerCap is the world's largest lessor of the Airbus A320neo; and the largest customer of the Boeing 787, with 116 on order and owned.

While European aircraft maker Airbus struggles to find new buyers for its A380 super-jumbo, the company has inked its biggest single order for its smaller A320neo family of aircraft at the Dubai Air Show.

The Franke deal also marks a dramatic swan song for Airbus sales chief Leahy, who is due to retire in the coming months from a role he has held since 1994.

The order should see the aircraft delivered in 2018 and 2019.

An anticipated order for A380 superjumbos worth $16 billion failed to materialize at the last moment on Sunday, forcing Emirates and Airbus into further talks to finalise a deal. "The announcement that we make today also in its own way goes to tell of the confidence we have in the future of the aviation industry not only in the UAE but also in its surrounding region".

The Boeing 787 will give Emirates a level of flexibility and economy that its larger Boeing 777-300ER and Airbus A380 fleet could not approach.

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