Airbus clinches biggest order in its history

Ivan Schwartz
November 16, 2017

Boeing's European rival Airbus was not far behind, as the company announced that it had reached a deal to sell 430 A320neo family of jetliners to Indigo Partners, a USA -based private-equity group which has stakes in low-priced carriers Frontier Airlines, Mexico's Volaris, Chilean carrier JetSmart and Hungary's Wizz Air.

But Airbus scored its first deal at Dubai, signing a memorandum of understanding for 25 A320neo jets worth $2.7 billion with Kuwait's Wataniya Airways.

Boeing's big deal of the day was an agreement with flydubai, the hometown airline, for the purchase of up to 225 more 737 MAX jets for a list-price value of $27 billion.

Airbus and Boeing have landed three mega-deals this week for a total of 695 planes worth $92 billion. Reports circulated before the air show that a major A380 sale would be coming.

Ethiopian Airlines announced an order for four Boeing 777 freighters in a deal valued at more than $1.3 billion at list prices.

The Indigo Partners deal is the single largest order by number of aircraft that any individual plane maker has received.

SA lose out on Rugby World Cup, France named hosts
Ireland were eliminated in the first round of voting after amassing just eight votes against the 18 from France . A simple majority from the 39 votes is required, with South Africa expected to be named hosts for a second time.

Rising food prices keep inflation at five-year high
Retail or CPI inflation rose to 7-month high of 3.58 per cent in October, driven up by costlier food items, particularly vegetables.

China Is Sitting On The Cloud
Amazon said that it will sell few physical assets only and own the intellectual property of Amazon Web services (AWS) worldwide. Amazon was a late entrant to the Chinese cloud market which is dominated by local players like AliCloud and China Telecom.

With the Airbus order, Indigo Partners, a US-based private equity fund, has doubled its existing order of 427 A320 family aircraft. It's an even bigger deal with the impending retirement of long-time sales boss John Leahy.

Boeing is dominating the Dubai show so far, after Dubai's Emirates airline announced a surprise 787 Dreamliner order.

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. The agreement was signed with Kevin McAllister, the CEO and President of Boeing Commercial Airplanes. "We are honoured that flydubai has selected to be an all-Boeing operator for many years to come".

Both Airbus and Boeing also marked leasing deals with EgyptAir amongst today's frenetic business.

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 order is expected to be announced in the morning during the Dubai airshow.

Other reports by GizPress

Discuss This Article

FOLLOW OUR NEWSPAPER