Indigo Partners orders 255 Airbus A321 jets at Dubai Airshow

Indigo Partners orders 255 Airbus A321 jets at Dubai Airshow

American private equity firm, Indigo Partners has reportedly made a multi-billion-dollar order for 255 Airbus single-aisle A321neo passenger jets. The deal was made by Indigo Partners MD, Bill Franke at a time when the tourist travel is reviving from the pandemic.

Reportedly, Airbus signed deals at the Dubai Airshow with Frontier Airlines, Wizz Air, Volaris, and JetSMART after the joint negotiations with Indigo Partners.

As per sources, the deal would be valued at somewhere around $32 billion, but according to the experts, such deals can be closed at discounts of around 50%.

Mr. Franke said they think the market will undergo retrieval, and hopefully, people will soon start travelling again.

The order includes ninety-one jets for the U.S.-based Frontier Airlines and 102 for Europe's Wizz Air and 23 and 39 for JetSMART and Volaris, respectively.

The move undertaken by Franke on the first day of the Dubai Airshow symbolizes a major step of confidence after a sheer downturn caused owing to the COVID-19. It is focusing on ‘ultra-low-cost’ carriers which are anticipated to evolve with robust finances than the competitors.

Mr. Franke used the financing power of four airlines in which Indigo Partners has the staked to offer the best deal to Airbus just as he had done with a 430-plane order for the same carriers in 2017 at Dubai.

He said that Indigo Partners had broad negotiations with Airbus, at a time when carriers discussed detailed points.

According to Wizz's Chief Executive, Jozsef Varadi, the new deal includes 27 of Airbus' major single-aisle jet, the A321XLR, which it plans to base at Abu Dhabi and the UK.

Furthermore, Airbus says that the planes from the overall order will be delivered in the second half of the decade.

Source Credit - https://www.businesstoday.in/industry/aviation/story/indigo-partners-lead-order-for-255-airbus-a321neo-jets-312195-2021-11-15