Airbus Snares Jet Order Valued at $49.5 Billion From U.S. Investor
15 November 2017 - 7:08PM
Dow Jones News
By Doug Cameron
Airbus SE secured one of the largest aircraft deals in history
with a 430-jet agreement with Indigo Partners LLC, a U.S. private
equity group with stakes in some of the fastest-growing low-cost
carriers on three continents.
The proposed deal, announced Wednesday at the Dubai Airshow,
carried a sticker price of almost $49.5 billion before the
customary discounts that can reduce the true value by 50% or more,
though consolidation in the airline and finance industries is
giving buyers more clout. All 430 planes are single-aisle A320neo
family planes.
Indigo, based in Phoenix, Az, is led by Bill Franke who has
invested in a number of carriers including holdings in Frontier
Airlines in the U.S., Hungary's Wizz Air Holdings PLC and Mexico's
Volaris. It also backed JetSmart, a new Chile-based carrier that
launched this year.
Write to Doug Cameron at doug.cameron@wsj.com
(END) Dow Jones Newswires
November 15, 2017 02:53 ET (07:53 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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