Posted: Wed 15th Nov 2017

Reports Airbus on verge of a signing deal to sell 430 A320’s to US based investor Indigo Partners

News and Info from Deeside, Flintshire, North Wales
This article is old - Published: Wednesday, Nov 15th, 2017

Update: Deal has been signed: ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Airbus announce biggest commercial-plane deal in its history

From earlier (5a.m) According to reports, Airbus is close to signing the biggest deal in its history. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

The company is negotiating to sell 430 A320neo single-aisle planes valued at more than $40 billion to U.S. investor Indigo Partners, people familiar with the matter said. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Indigo Partners is a private equity fund led by Bill Franke, the 430 A320’s would go to airlines in Indigo’s investment portfolio: Frontier Airlines, Mexico’s Volaris, European carrier Wizz Air Holdings Plc and JetSmart, which began operating in Chile this year. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

The Airbus-Indigo transaction is set to be announced Wednesday, reports Bloomberg who are quoting ‘people familiar with the matter.’ ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

A spokesman for Airbus declined to comment, as did Indigo says Bloomberg. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Airbus has scheduled a press conference at 11 a.m. local time in Dubai – 7 a.m UK time. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

The Indigo deal would more than double Airbus’s existing order book for the year, which stood at about 290 aircraft as of Oct. 31. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

The order by Indigo Partners trumps the 2015 order for 250 single-aisle planes valued at $27 billion by Indian budget carrier IndiGo. The two companies aren’t related. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

More to follow…. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​


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