Engineering & Aerospace News

Airbus to sell 430 planes to US firm in £35.5bn deal

Share Article

Written by: Hannah Baker | Posted 15 November 2017 14:48

Airbus to sell 430 planes to US firm in £35.5bn deal

Airbus, which has major operations at Filton, near Bristol, is to sell 430 planes to US firm Indigo Partners for $49.5bn dollars (£37.5bn) in the European firm’s biggest deal ever.

The announcement came at the Dubai Air Show and the deal includes 273 A320neos and 157 A321neos.

The airlines that use the aircraft will include Frontier Airlines, based in Denver, JetSMART of Chile, Volaris in Mexico and Wizz Air of Hungary.

Read more: Bristol transport business secures funding to purchase site of former paper mill

A320neos list for £82m apiece and A321neos at £96m, although airlines and manufacturers often negotiate lower prices for big deals like these.

Indigo Partners is a Phoenix-based private equity firm which owns Frontier Airlines and part of Volaris.

It is managed by William Franke, a pioneer of the cheap-ticket and high-fee airline business model that has spread overseas and is growing in the US.

Share Article