Airbus clinches biggest order in its history

Airbus clinches biggest order in its history

Airbus clinches biggest order in its history

After Boeing (BA) shocked the industry with a surprise deal with Emirates, rival Airbus (EADSY) responded Wednesday with a $49.5 billion aircraft order from USA investor Indigo Partners at the Dubai Airshow, the largest in Airbus' history. These would be lapped up by four ultra low-priced airlines including Wizz Air from Hungary, US-based Frontier Airlines, Volaris from Mexico, and a three-and-a-half month old Chilean airline JetSMART.

Why are the deals so big?

It will also see Airbus take 55% of the global market, and push the number of models sold above 5,500, since the launch of the A320neo in 2010 (compared to the 4,000 orders seen at Boeing since the launch of the rival 737 MAX). So it appeared to snub Airbus on Sunday, and chose to purchase 40 American-made Boeing 787-10 Dreamliners in $15.1bn deal that's certain to please US President Donald Trump who has touted the plane's sales as a job creator in America.

But Boeing, too, managed to grab another sizable order on Wednesday with flydubai committing to 225 aircraft for its 737 MAX type in a deal worth $27 billion.

With the Dubai show winding down, Airbus' mega-sale made up for its disappointment earlier this week when a big sale of A380 jets to Emirates Airline failed to come together.

Mr Leahy declined to say if the A380 deal could this happen this week. Overall, Boeing has been eating Airbus's lunch so far this year, out-selling the Toulouse, France-based planemaker by 690 to 343.

The package technically covers four separate agreements jointly negotiated through Franke as a common investor, and Airbus billed the deal only as a record "announcement". "You'll just have to walked over there [to Emirates' show chalet] and ask them", he told reporters. Which makes securing the largest single order in company history a fitting send-off for Leahy.

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He said these should be completed by the end of the year.

On Sunday, Emirates appeared to snub Airbus over an A380 superjumbo deal.

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.

A person close to the talks said that such "wholesale" aircraft deals could become more common as more private equity and new sources of funding come into the airline business.

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

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