Airbus wins biggest jet order from Indigo Partners

Reports Airbus on verge of a signing deal to sell 430 A320’s to US based investor Indigo Partners $40billion order would be biggest in Airbus history

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.

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. The deal is a fitting climax to the legacy of Airbus' top salesman who has helped the aircraft manufacturer reap $1.7 trillion in orders.

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. Indian low-priced airline IndiGo (which isn't connected to Indigo Partners) bought 250 Airbus jets 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. The latter is weighing an order for as many as 175 narrow-body planes that could be split between the A321neo and Boeing's 737 Max.

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Veteran airline investor Bill Franke of Indigo Partners signed the preliminary order on Wednesday morning to buy 430 planes, comprising of 273 A320neos and 157 A321neos.

New Chile-based airline, JetSmart. An order of 20 jets would be valued at US$8.7 billion while an order for 36 of the aircraft would be worth $15.7bn at list prices before discount.

"As an owner you look at fuel burn, seat cost, and we are satisfied Airbus meets those requirements", said Franke.

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