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DUBAI: Indigo Partners signs MoU for 430 A320neos

15 November 2017

Private equity firm Indigo Partners, which has set up ultra-low cost airlines around the world, made the massive order Wednesday at the Dubai Air Show for Airbus' single-aisle A320neo family airliners.

The order, believed to be the biggest ever for Airbus, will more than double the value of the airline's sales for the year.

The planes aren't all for one airline. The aircraft will go to airlines in Indigo's investment portfolio: Frontier Airlines, Mexico's Volaris, European carrier Wizz Air Holdings Plc and upstart JetSmart, which began operating this year in Chile.

Based on the list price of the A320neo, Airbus's best-selling single-aisle jet, the purchase is worth US$49.5 billion before customary discounts.

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"This marks the culmination of months of work with the Airbus team", said Bill Franke, managing director of Indigo partners.

Under the deal on Wednesday, Airbus will sell its bestselling upgraded single-aisle jets to Indigo Partners' low-priced carriers that include Wizz Air (Hungary), Frontier Airlines (United States), JetSMART (Chile) and Volaris (Mexico), to boost their fleets.

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

The deal marks a major coup for Airbus's Chief Operating Officer John Leahy, who is expected to leave the group soon at the end of a career in which he oversaw the sale of almost 15,000 planes. Indigo has stakes in all ‎four airlines. It agreed buy 150 Boeing 777X planes and 50 A380s, which were worth a total of $99 billion at list prices.

DUBAI: Indigo Partners signs MoU for 430 A320neos