Airbus is due to announce the sale of 430 of its medium-range A320 family of aircraft to United States investment firm Indigo Partners in a deal worth more than $40 billion, a source said Wednesday.
"Indigo Partners have been a tremendous customer and supporter of the Airbus single-aisle fleet for many years", said John Leahy, Airbus Chief Operating Officer Customers, Airbus Commercial Aircraft. Airbus declined to comment.
Private equity firm Indigo Partners has signed a memorandum of understanding for 430 Airbus A320neo family aircraft at the Dubai air show. The Dubai-based carrier wants a commitment from Airbus, which hasn't sold any A380s in over two years that ensures the viability of the double-decker for the coming decade and half.
The deal marks a major coup for Airbus's Chief Operating Officer John Leahy, who is expected to leave the group soon at the end of a career in which he oversaw the sale of almost 15,000 planes.
Airbus says that 146 of the aircraft will go to Wizz Air, 134 to Frontier Airlines, 80 to Volaris and 70 to JetSmart.
The deal includes 273 A320neo jets and 157 of the larger A321neo variant.
Worth almost $50 billion at list prices, the deal is a major rebound for Airbus, which has significantly lagged its US arch rival Boeing in orders this year. The latter is weighing an order for as many as 175 narrow-body planes that could be split between the A321neo and Boeing's 737 Max.
Plane make Airbus has agreed a deal with U.S. low-priced airline Indigo Partners for 430 jets.