Airbus wins biggest jet order from Indigo Partners

Airbus Nears Deal for 430 Jets With Indigo Partners

The Indigo Partners deal is the single largest order by number of aircraft that any individual plane maker has received.

Franke, 80, flew to the United Arab Emirates on Wednesday and was due to sign at the Dubai Airshow, marking one of the industry's biggest deals by volume and the most planes sold by Airbus in one batch, two people familiar with the matter said.

Since then, he has overseen the sale of jets worth $1.7 trillion at list prices and Airbus's market share has risen from 18 percent to be roughly evenly split with arch-rival Boeing.

Indigo Partners' four portfolio airlines, Hungarian carrier Wizz Air, US-based Frontier, Chile's JetSmart and Mexico's Volaris, have signed a memorandum of understanding for the purchase of 430 aircraft, as the crop of low-priced airlines eye greater expansion.

"Just to clarify: This is not an A380 press conference", joked John Leahy, Airbus' sales chief, as the start of the announcement.

The order includes A320neos and A321neos, the source said. I've known Mr. Leahy for 25 years.

The Charles Schwab Corporation (SCHW) Shares Bought by WCM Investment Management CA
WCM Investment Management CA owned 0.07% of The Charles Schwab Corporation worth $42,949,000 as of its most recent SEC filing. It is negative, as 54 investors sold KSU shares while 170 reduced holdings. 19 funds opened positions while 30 raised stakes.

It is managed by William Franke, a pioneer of the cheap tickets and high fees airline business model that has spread overseas and is growing in the US.

Airbus has struck its biggest single deal with an order for 430 aircraft worth $49.5bn at list prices from a USA owner of a string of budget airlines. IndiGo and Indigo Partners are separate firms with separate management.

Franke was previously the chairman and chief executive of America West, which was acquired by U.S. Airways in 2005. Reports circulated before the air show that a major A380 sale would be coming.

Airbus said the deal would be finalised before the end of this year.

Emirates now relies exclusively on the Airbus 380 and the Boeing 777 for its flights, making it the largest operator of both. It has 165 777s in its fleet and took possession of its 100th A380 earlier this month.

Separately, the immediate prospect of a much-discussed deal to keep the A380 in production beyond the end of the decade remained in suspense with Emirates seeking guarantees over the longevity of the program, plagued by slow orders from other carriers. It is thought that Emirates asked for last-minutes changes.

Related:

  • Razer unveils new water-resistant keyboard

    Razer unveils new water-resistant keyboard

    The higher the number, the better, with the highest number being 7 for dust protection and 9 for water resistance. Approximate size: 203 mm/7.98 in. (Width) x 60 mm/2.36 in.

    US Bancorp (NYSE:USB) Shares Sold by Davidson & Garrard Inc

    Edge Wealth Mngmt Limited Liability Company has 0.02% invested in American International Group Inc (NYSE:AIG). (NYSE:ALJ). Stock Rose 15% in October" on November 06, 2017, also Investorplace.com with their article: "4 Reasons Amazon.com, Inc.
    How Hillary Clinton's 2020 hopes were ruined by Donna Brazile

    How Hillary Clinton's 2020 hopes were ruined by Donna Brazile

    Many Democrats, including US Senator Elizabeth Warren, D-Mass., say this proves the primary election was "rigged" for Clinton. This should be especially disturbing to those who are registered as a democrat and voted in this past election.
  • Big-rig crash blocks lanes on I-80 in San Pablo Tuesday

    Big-rig crash blocks lanes on I-80 in San Pablo Tuesday

    Authorities have reopened northbound lanes of Interstate 5 following a multi-vehicle crash that killed a man early Tuesday. The CHP issued a Sig Alert for severe traffic around 8:20 a.m., because all lanes but the far left one were blocked.
    Las Vegas murder suspect added to FBI's 10 most wanted list

    Las Vegas murder suspect added to FBI's 10 most wanted list

    Anyone with information about Munguia's whereabouts was asked to call the FBI at 1-800-CALL-FBI (1-800-225-5324). Munguia has ties to Southern California especially Los Angeles and Bakersfield.
    Smartron is the designer and engineer of Flipkart Billion Capture+

    Smartron is the designer and engineer of Flipkart Billion Capture+

    The rear camera can click pictures in Potrait mode, and with the dual-tone flash clicks good images in low-light condition. Also, Fipkart has collaborated with Indian OEM and IoT brand Smartron for designing of Billion Capture + smartphone.
  • Occidental Petroleum Corp (OXY) Ownership Decreased by Sound Shore Management Inc

    It worsened, as 82 investors sold OXY shares while 326 reduced holdings. 72 funds opened positions while 315 raised stakes. BofA/Merrill upgraded coverage for the stock on 15/03/2017 and Credit Suisse issued a upgraded the stock on 14/03/2017.
    N. Korean soldier who defected used a vehicle to escape

    N. Korean soldier who defected used a vehicle to escape

    Suh said the South had also informed the North on Monday of the soldier and his treatment, via loudspeakers on the border. The incident left three North Korean soldiers and one South Korean soldier dead.
    With statement win over Notre Dame, Miami is back

    With statement win over Notre Dame, Miami is back

    This victory was so huge that it warranted three honors for the Miami Hurricanes. "Growing up right before our eyes", Richt said. And that perhaps explains why many nationally were drawn to Miami-Notre Dame over TCU-Oklahoma.
  • Senior Housing Properties Trust (SNH) Given "Buy" Rating at B. Riley

    November 3 investment analysts at SunTrust Banks maintained a company rating of "Buy" targeting a price of $15.00. (NYSE:MPW). As of the end of the quarter Mirae Asset Global Investments Co., Ltd. had sold 7,101 shares trimming its holdings by 6.7%.
    Sam Mendes exits Pinocchio movie

    Sam Mendes exits Pinocchio movie

    Disney is now working on several live-action adaptations of several of their properties including Dumbo, The Lion King , and Aladdin .
    Russian PM Says He Talked To Trump Over Dinner In Manila

    Russian PM Says He Talked To Trump Over Dinner In Manila

    "Indeed, to host such event is a hard work and I know that today you've had lots of meetings, meetings with heads of states and delegations".

Comments

Latest news

Checking the Overall Picture for AK Steel Holding Corporation (AKS)
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . The expected X's profit could reach $105.06M giving the stock 11.11 P/E in the case that $0.60 earnings per share is reported.

This 10-year-old unlocked his mom's iPhone X using Face ID
The company's researchers said that the iPhone X's fingerprint sensor was the most secure biometric security feature. Malik demonstrates the unlocking in a clip above with his mother, Sana Sherwani - complete with a dab at the end.

How early is too early to put up Christmas decor?
There's little to no exclusive Thanksgiving music, no tradition of gift-giving and it certainly isn't a cross-cultural holiday. The sky is the limit when it comes to making your own decorations, and you can have your own personalized ones as well.

Aden airport receives first commercial flight after Yemen blockade
The Saudi-led coalition forced the closure of Sanaa airport in August 2016 to all but a few United Nations aid flights. The blockade "is complicating what is already a catastrophic situation", McGoldrick said.

Australia - Q3 Wage Price Index due today
"Annual wages growth increased marginally to 2.0% in the September quarter 2017", said Bruce Hockman, Chief Economist at the ABS. Data on Tuesday showed that US producer prices increased by in October, exceeding expectations for a 0.1% uptick.

Lookout for Relative Strength Index: Barrick Gold Corporation (NYSE: ABX)
After $-0.12 actual EPS reported by Everbridge Inc for the previous quarter, Wall Street now forecasts 25.00% negative EPS growth. Neuberger Berman Group LLC acquired a new position in Barrick Gold Corporation in the second quarter valued at about $161,000.

Dems renew calls for gun control in wake of Texas church shooting
Plates were priced at $10, but Ritch said dozens of people came through the line and paid more for to-go orders. "So they may not be visible, but they are there".

Whiting Petroleum Corporation (NYSE:WLL) Sees The Needle Move on Volume
Hotchkis & Wiley Capital Management LLC raised its stake in shares of Whiting Petroleum Corporation by 44.8% in the third quarter. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

Applied Materials, Inc. (AMAT) Given "Buy" Rating at B. Riley
The forward P/E of Applied Materials, Inc.is at 15.39 signifying the uses of estimated net earnings over the next 12 months. Three investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock.

UP: Sri Sri Ravi Shankar meets Yogi Adityanath ahead of Ayodhya visit
Meanwhile, the Supreme Court will hear the case on December 5, a day before the 25th anniversary of the Babri Masjid demolition. In 2010, the Allahabad High Court had accepted the disputed site in Ayodhya as the birthplace of Lord Ram.

Dani Alves: Gabriel Jesus is Brazil's 'new Ronaldo'
The 56-year-old is quoted by PA Sport as saying: "The characteristics of Gabriel Jesus and Kane are a bit different". Click the right arrow, above, to see the combined line-up, in the 4-3-3 formation regularly used by Brazil ...

Skyworks Solutions, Inc. (NASDAQ:SWKS) Shares Sold by Callahan Advisors LLC
The New York-based Kimelman Baird Limited Liability Corporation has invested 1.48% in Skyworks Solutions Inc (NASDAQ: SWKS ). Following the sale, the insider now directly owns 21,763 shares in the company, valued at approximately $1,689,679.32.

5.4 quake in southeast South Korea causes some minor damage
Witnesses stated that the natural disaster could be felt in Seoul, more than 300 kilometers away, including at Gwanghwamun. The Pohang quake is the strongest Korea has experienced since 2016, after the magnitude 5.8 natural disaster in Gyeongju.

American International Group Inc Sold A Little More Costco Wholesale (COST) Stock
The stock of Costco Wholesale Corporation (NASDAQ:COST) earned "Outperform" rating by RBC Capital Markets on Thursday, December 8. The California-based Invest House Ltd Liability Corp has invested 1.59% in Costco Wholesale Corporation (NASDAQ:COST).

Buffett's Berkshire Hathaway slashes IBM stake
Warren Buffett is the most followed investor in the world, and every move he makes is watched closely by investors everywhere. When Berkshire first made an investment in Apple in 2016 a fellow at Berkshire bought about 10 million shares, Buffett said.

Other news