Airbus wins $50 billion, 430 plane order

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Airbus wins $50 billion, 430 plane order

Postby Greg on Wed Nov 15, 2017 2:12 pm

William Augustus Franke, co-founder and managing partner of private equity firm Indigo Partners, joined Airbus on Wednesday in announcing the deal for 430 aircraft, which came with a price tag of nearly $50 billion. The transaction will fuel growth in Franke’s bare-bones airline empire, where he has spent the last part of his career avoiding what he calls “the path to hell” for an airline: creeping costs.

The Airbus planes Indigo ordered will be distributed among four carriers that sell customers deeply discounted tickets for an airline seat, and little else. Deliveries of the planes will start in 2021 to the carriers: Frontier Airlines in the U.S., Mexico’s Volaris, East European operator Wizz Air Holdings Plc and Chile’s JetSmart, which began operating this year.

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