Huge Airbus, Boeing Orders Jet Propelled by Budget Carriers

Airbus has landed one of the biggest aircraft orders in history – 430 jets from from a group of low cost carriers, all connected to private equity group Indigo Partners. The airlines combined to get a better deal on the A320neo aircraft. Normally the jets would be worth almost US$50 billion but the group buy could cut 50% from the listed price. Meanwhile Boeing announced that Flydubai has agreed to buy up to 225 of its 737 Max aircraft, potentially worth US$27 billion.

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