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DUBAI: Indigo Partners signs MoU for 430 A320neos

DUBAI: Indigo Partners signs MoU for 430 A320neos

The transaction, one of the biggest aircraft sales in history, is set to be announced Wednesday at the Dubai Air Show, said the people, who asked not to be identified because the talks are private.

"The next-step technology aircraft will enable us to continue to lower our operating costs as we drive towards our goal of Wizz Air being the lowest fare and lowest unit cost airline in Europe".

Indigo controls Frontier and Chilean low-cost start-up JetSmart and also holds stakes in Mexican budget airline Volaris and European low-cost carrier Wizz.

The deal represents the largest single order for Airbus planes by volume and comprises 273 A320neos and 157 A321neos, worth a combined $49.5 billion at list prices.

Indigo Partners' managing partner, Bill Franke agreed the deal with Airbus after he flew into the Dubai Air Show earlier Wednesday.

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Even so, competition at the show remained intense. It also has the right to substitute a number of the A320neo aircraft with the Airbus A321neo and vice versa, depending on its future requirements. Airbus declined to comment.

The focus was however on two industry titans of the $100 billion a year airplane business: the investor Franke and the salesman Leahy.

The airline had announced orders for 288 planes as of the end of October.

The Airbus, Indigo Partners deal isn't just good news for the airplane manufacturer, it will also double the stock of planes across the Indigo Partners low-priced carrier group.

Separately, the immediate prospect of a much-discussed deal to keep the A380 in production beyond the end of the decade remained in suspense with Emirates seeking guarantees over the longevity of the programme, plagued by slow orders from other carriers.