Indigo Partners inks MOU for 430 A320neo Family jets

Indigo Partners inks MOU for 430 A320neo Family jets

The deal looks set to shake up the low-priced industry and fuel the Boeing-Airbus rivalry. Under the memorandum of understanding, Wizz Air has the right to substitute a number of the A320neo aircraft with the Airbus A321neo and vice versa, depending on its future requirements.

The umbrella deal is created to supply aircaft to four airlines in which Franke's Indigo Partners investment company has stakes: US -based Frontier Airlines, Mexico's Volaris, Chilean carrier JetSmart and Hungary's Wizz.

Franke was present to sign the deal during the Dubai Airshow which also sees other deals struck with airline companies all over the globe.

József Váradi, Wizz Air's chief executive, said: "Once again, Airbus has delivered the best overall mix of aircraft, cost efficiency, support and price".

Airbus and Indigo Partners declined to comment.

"The A320 Family aircraft paves the way for us to continue to grow and modernize our fleet while helping us deliver on our mission to provide affordable travel across America", Barry Biffle, Frontier's president and CEO said in a statement.

Wednesday's deal marks a major coup for Airbus CEO John Leahy, who is expected to leave the group soon at the end of a career in which he oversaw the sale of almost 15,000 planes.

Airbus (AIB, Toulouse Blagnac) has announced it has signed a Memorandum of Understanding (MOU) with four airlines overseen by USA low-priced carrier investment specialists, Indigo Partners LLC.

No-frills airline flydubai serves 95 destinations in 44 countries and is an all-Boeing carrier.