European plane maker Airbus has announced its largest plane order by volume ever at the Dubai Airshow with a memorandum of understanding for 430 A320neo aircraft from US aviation investor Bill Franke’s Indigo Partners.
The order, worth $49.5bn at list prices, comprises 273 A320neos and 157 A321neos and will be spread between Indigo’s four airlines.
After final purchase deals with each are confirmed, likely by the end of the year, Hungary’s Wizz Air will receive 72 A320neos and 74 A321neos, US carrier Frontier Airlines will receive 100 A320neos and 34 A321neos, Chile’s JetSMART will receive 56 A320neos and 14 A321neos and Mexico’s Volaris will receive 46 A320neos and 34 A321neos.
Airlines under Indigo Partners previously placed orders for 427 A320 family aircraft.
“This significant commitment for 430 additional aircraft underscores our optimistic view of the growth potential of our family of low-cost airlines, as well as our confidence in the A320neo Family as a platform for that growth,” said Indigo managing partner Franke.
He added engine selections would be made at a later date.
The deal will be considered a triumph for Airbus and chief operating officer for commercial aircraft sales John Leahy amid continued speculation as to whether it would secure an order from Dubai carrier Emirates for additional A380s at this week’s Dubai Airshow.
The agreement more than doubles Airbus’ previous order book for the year.
“An order for 430 aircraft is remarkable, but it’s particularly gratifying to all of us at Airbus when it comes from a group of airline professionals who know our products as well as the folks at Indigo Partners do,” said Leahy, who is due to retire after multiple decades at the company.
The European manufacturer also secured an order for 25 A320neos from the supplier to Kuwait’s Wataniya Airways on Tuesday.