A320neo Indigo announcement infographic. (Photo: Airbus.com)
Airbus announces on its website on Wednesday that Indigo Partners doubles existing A320neo Family order with commitment for additional 430 aircraft, which is Airbus' largest single announcement ever with a value of $49.5 billion.
Bill Franke, Managing Partner of Indigo Partners, and John Leahy, Airbus Chief Operating Officer Customers, Airbus Commercial Aircraft announced the news at the Dubai Airshow, where on November 13, Boeing unveils its $14 billion order from Emirates for 40 Boeing 787. This deal enables Airbus to surpass its American rival Boeing on sales this year, with 718 aircraft against 605.
Indigo Partners LLC is a private equity fund focused on worldwide investments in air transportation. Airbus, Indigo Partners' four portfolio airlines have signed a MOU for the purchase by the four airlines of 430 additional A320neo Family aircraft. The aircraft will be allocated among the ultra-low-cost airlines Frontier Airlines (United States), JetSMART (Chile), Volaris (Mexico) and Wizz Air (Hungary) upon the completion of final purchase agreements between Airbus and the four airlines.
A320neo Family and Indigo partners. (Photo: Airbus.com)
This significant commitment for 430 additional aircraft underscores Airbus' optimistic view of the growth potential of the low-cost airlines, as well as Airbus' confidence in the A320neo Family as a platform for that growth, said Bill Franke.
“A great aircraft coupled with a great business plan will create value for our customers. We look forward to bringing comfort and low fares to more passengers around the world as Wizz Air, Volaris, JetSMART and Frontier continue to expand,” he added.
John Leahy said, “Indigo Partners have been a tremendous customer and supporter of the Airbus single-aisle fleet for many years. 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.”