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Airbus in record 430 plane deal with budget airline backer Franke

Reuters  |  DUBAI 

By Tim Hepher and Alexander CornwellDUBAI (Reuters) - Airbus landed a deal for a record 430 of its A320neo-family jets on Wednesday as U.S. investor Bill Franke raised his bet on budget airlines.The preliminary deal, worth up to $50 billion, is designed to supply four airlines in which Franke's Indigo Partners has stakes: Frontier Airlines, Mexico's Volaris, Chilean carrier JetSmart and Hungary's Wizz Air.The 80-year old Franke signed the agreement at the Dubai Airshow amid a flurry of dealmaking, as airlines take advantage of a recent slowdown in demand for new aircraft to negotiate ...

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First Published: Wed, November 15 2017. 16:28 IST