Boeing signs off on a $1.3 billion deal at Dubai Airshow

Boeing signs off on a $1.3 billion deal at Dubai Airshow

Franke, 80, signed the preliminary order at the Dubai Airshow. Nearly three-quarters of that will be single-aisle models, the company said.

While European aircraft maker Airbus struggles to find new buyers for its A380 super-jumbo, the company has inked its biggest single order for its smaller A320neo family of aircraft at the Dubai Air Show.

The blockbuster finale to the main part of the November 12-16 show lifted a despondent mood that had settled over the Airbus chalet when a deal for A380 superjumbos collapsed on day one.

Airline pioneer Bill Franke placed a historic order for 430 Airbus A320neo-family jets on Wednesday, doubling down on investments in ultra-low cost airlines that offer bargain ticket prices coupled with a slate of extra fees.

Shortly after, FlyDubai and Chicago-based Boeing Co. announced their $27 billion deal. Overall, Boeing has been eating Airbus's lunch so far this year, out-selling the Toulouse, France-based planemaker by 690 to 343.

"We are honored that Ethiopian Airlines, one of Africa's leading carriers, has again selected Boeing airplanes to grow its operations, adding to an order book that includes the 737 MAX and 787 Dreamliner", said Boeing Commercial Airplanes President & CEO Kevin McAllister.

For the Government of Dubai, the 265 jets its airlines agreed to buy from America's largest industrial exporter is a not-so-subtle show of the Emirate's impact on the United States economy.




"It's ended up going out on a high", airline analyst John Strickland of JLS Consulting said.

The largest global airline in the world, Emirates, made public today their over 15 billion dollars commitment for 40 Dreamliners of Boeing 787-10.

Indigo Partners is a Phoenix-based private equity firm which owns Frontier Airlines and part of Volaris.

The agreement was signed with Indigo Partners to build the plans for four airlines that company owns. The low-priced business is particularly cost sensitive and it's a segment that can not survive without a large number of new, fuel efficient, and reliable jets like the 737MAX and the A320neo.

"Ours is a fast growing region and we expect growth".

The order is the biggest single sale in Airbus' history, and is set to double its number of net orders this year - up from the 288 planes it had sold up until the end of October - pushing its total number of orders for 2017 to 718. Stay tuned for more action.

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