Record $76.5 billion aircraft sold in a day

Record $76.5 billion aircraft sold in a day

Record $76.5 billion aircraft sold in a day

Airbus signed a $49.5 billion deal yesterday to sell 430 airplanes to the Phoenix-based private equity firm that owns Frontier Airlines, striking the European aerospace company's biggest deal ever at the Dubai Air Show.

"This significant commitment for 430 additional aircraft underscores our optimistic view of the growth potential of our family of low-priced airlines, as well as our confidence in the A320neo Family as a platform for that growth", said Indigo Partners Managing Partner Bill Franke.

Emirati men visit the Dubai Airshow at its venue in Dubai.

"The deal represents the largest-ever single-aisle jet order - by the number of airplanes and total value - from a Middle East carrier", Boeing said in a statement."When finalized, the purchase promises to sustain tens of thousands of direct and indirect jobs in Boeing's USA factories and network of suppliers".

Airbus and Boeing went into the air show with 288 and 605 net orders, respectively.

The order comprises of 273 A320neos and 157 A321neos and came as a surprise to industry observers after the failure of Airbus to secure a further deal from Emirates at the airshow for more A380 aircraft.

From left to right, Barry Biffle, chief executive officer of Frontier Airlines, Barry Eccleston, president of Airbus Americas, Bill Franke, managing partner of Indigo Partners, John Leahy, chief operating officer - Customers of Airbus, Jozsef Varadi, chief executive officer of Wizz Air, Enrique Beltranena, founder and CEO of Volaris, and Estuardo Ortiz, CEO of JetSMART, pose for a photo after an Airbus announcement in Dubai, United Arab Emirates on November 15, 2017.

Boeing stole the early headlines with an order for 40 planes, worth $15 billion at list prices, from Dubai's Emirates airline on Sunday. "We look forward to the arrival of the new aircraft from 2019 in support of our future ambitions". Boeing, for its part, chalked up more than 4,000 orders for the various versions of the 737 MAX.

The new Boeing order marks the third order placed by the airline with the United States manufacturer in its eight-year history, following on from others placed in 2008 and 2013.

The UAE Ministry of Defence also announced a 250 million dollars purchase deal for five Airbus CN295 tactical airlifter aircraft.

Emirates now relies exclusively on the Airbus 380 and the Boeing 777, making it the largest operator of both.

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