Kuwait's Wataniya To Expand With 25 Airbus A320neos

Kuwait's Wataniya To Expand With 25 Airbus A320neos

Airline pioneer Bill Franke looked set to place a historic $40 billion order for around 400 Airbus A320 jets, shaking up the low-priced industry and turning the annual race between Airbus and Boeing for plane orders on its head.

The deal is expected to be officially announced later Wednesday at the Dubai Air Show, they added.

Airbus says that 146 of the aircraft will go to Wizz Air, 134 to Frontier Airlines, 80 to Volaris and 70 to JetSmart.

The agreement was signed by Dr Hamad Al-Tuwaijri, chairman of Golden Falcon Aviation, and John Leahy, chief operating officer Customers, Airbus Commercial Aircraft in the presence of Ali Al Fouzan, chairman of Wataniya Airways.

Indigo Partners' managing partner, Bill Franke agreed the deal with Airbus after he flew into the Dubai Air Show earlier Wednesday. Indigo has stakes in all ‎four airlines.

Reuters reported on Sunday that budget carrier flydubai was talking to Airbus and Boeing about a potential new order for up to 175 passenger jets and talks had accelerated.

The order includes A320neos and A321neos, the source said.

Reports also show Egyptair has placed an order for 12 C-Series Bombardier Jets, with the prospect of a further order for more.

The focus was however on two industry titans of the $100 billion a year airplane business: the investor Franke and the salesman Leahy.

The Airbus, Indigo Partners deal isn't just good news for the airplane manufacturer, it will also double the stock of planes across the Indigo Partners low-priced carrier group.

The airline had announced orders for 288 planes as of the end of October.

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