Airbus is due to announce the sale of 430 of its medium-range A320 family of aircraft to US investment firm Indigo Partners in a deal worth more than $40 billion, a source said Wednesday.
The order includes A320neos and A321neos, the source said. Airbus declined to comment.
The deal is expected to be officially announced later Wednesday, they added. The aviation giant is expected to hold a press conference around 1000 GMT.
The order, believed to be the biggest ever for Airbus, will more than double the value of the airline's sales for the year.
The airline had announced orders for 288 planes as of the end of October.
It will also allow Airbus to overtake Boeing, with a total of 718 orders against its American rival's 605.
Indigo Partners is a US investment firm founded by Bill Franke that specialises in the lease of planes to low-cost airlines.
The A320neo and A321neo jets feature new generation engines that use 15 percent less fuel compared to their peers.
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 nearly 15,000 planes.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Al-Kuwari lauds Qatar, Kuwait chambers for launch of ‘Made in Qatar’ expo
GIS posts QR44mn net profit in 2019
Tasmu, Gartner hold workshop with govt stakeholders to leverage power of AI in Qatar
Experts to take part in 6th Doha Islamic Finance Conference
Qatar’s industrial production up in Dec on robust extraction of hydrocarbons, strengthened manufacturing sector
Turkish central bank makes ‘more measured’ 50-point rate cut
Euro climbs back above $1.08; volatility spikes
Asian markets end higher on hopes for limited virus impact
Unilever and 3M on list of firms eligible for China loans to ease virus crisis