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Airbus seals record 430-jet deal to outshine Boeing in Dubai

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A plane of Al Fursan or the Knights a UAE Air Force aerobatic display team performs during the Dubai Air Show United Arab Emirates Monday Nov. 13 2017

Private equity firm Indigo Partners, which has set up ultra-low cost airlines around the world, made the massive order Wednesday at the Dubai Air Show for Airbus' single-aisle A320neo family airliners.

The stunning magnitude of the deal - which Airbus called its "largest single commercial announcement ever" - caught many in the aviation industry by surprise.

The planes aren't all for one airline.

Based on the list price of the A320neo, Airbus's best-selling single-aisle jet, the purchase is worth US$49.5 billion before customary discounts.

"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".

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It will also allow Airbus to overtake Boeing, with a total of 718 orders against its American rival's 605.

They said the record order would include A320neos and A321neos, with the deal to be officially announced later on Wednesday at the Dubai Air Show.

The Indigo Partners order is the single largest order by number of aircraft than any individual plane maker has received.

The deal with Airbus takes Indigo Partner's orders with the plane manufacturer to over 900 aircraft.

In a statement, the Hungarian LCC said that while deliveries will start in 2022, the bulk of this order's aircraft will be delivered in 2025 and 2026, following on from the delivery of the 110 Airbus A321neo aircraft ordered by Wizz Air in 2015.

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