Boeing vs Airbus: $77 billion in deals in under 2 hours

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Airbus revealed its largest single announcement ever Wednesday, a 49.5 billion US dollars deal with USA private equity firm Indigo Partners to purchase 430 aircraft in its A320neo family, described as Airbus' largest ever single announcement.

For Airbus, the 430-plane deal with Indigo Partners is a much-needed win after a year of struggling to keep up with Boeing. Indigo said the jets would go to Frontier Airlines, Mexico's Volaris, East European operator Wizz Air and Chile's JetSmart.

Why are the deals so big?

So it appeared to snub Airbus on Sunday, and chose to purchase 40 American-made Boeing 787-10 Dreamliners in $15.1bn deal that's certain to please US President Donald Trump who has touted the plane's sales as a job creator in America.

The Netherlands-based plane maker made the announcement Wednesday, following talks at the Dubai Air Show.

The previous day, Boeing said that it had finalised an order for 20 additional 737 MAX 8s from ALAFCO Aviation Lease and Finance Company, doubling the lessor's order book for the MAX airplane. The A320neo is priced at $108m and the larger A321neo at $127m but manufacturers offer large discounts on jets.

The combined $76.5 billion in deals kept the momentum alive on the third day of the air show. Overall, Boeing has been eating Airbus's lunch so far this year, out-selling the Toulouse, France-based planemaker by 690 to 343.

Mr Leahy declined to say if the A380 deal could this happen this week.

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Emirati men visit the Dubai Airshow at its venue in Dubai. "You'll just have to walked over there [to Emirates' show chalet] and ask them", he told reporters.

Industry veteran Mr Leahy called such a large order "remarkable".

The Emirates' snub even came up at the news conference Wednesday, when a reporter asked Airbus if another deal could be coming.

He said: "It's gratifying that [this order] comes from a group of airline professionals who know our products as well as the folks at Indigo Partners do".

The order includes A320neos and A321neos, the source said.

For Indigo's portfolio of airlines, the 430 aircraft deal not only satisfies its current needs but also gives it leeway to grow as fast as the business can manage.

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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