You are here: Home » Reuters » News
Business Standard

Biggest deal yet for Airbus as Franke ups bet on budget airlines

Reuters  |  DUBAI 

By Tim Hepher and Alexander CornwellDUBAI (Reuters) - Airbus landed its biggest ever airliner deal on Wednesday with an agreement to sell 430 planes worth up to $50 billion to U.S. budget airlines investor Bill Franke.The preliminary deal for A320neo narrowbody jets was signed at the Dubai Airshow and offers a major boost to Airbus, which has lagged archrival Boeing in deals this year.It also ensures veteran sales chief John Leahy retires on a high in the coming months. But Boeing immediately hit back with a provisional agreement to sell 175 planes to budget airline flydubai. Including ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, November 15 2017. 20:25 IST