Airbus in $40bn deal to sell 430 A320s to United States firm

Airbus and Boeing sign deals worth $75bn at Dubai air show

China's Chinese Air Force's August 1st Air Demonstration Team of the People's Liberation Army demonstrated their aerobatic stunts daily with six J-10 fighter jets on the flying display for the first time in the history of the biennial Dubai Airshow.

The event at Dubai's second aviation hub Al Maktoum International Airport marked a number of firsts. The deal was signed earlier on Wednesday, with U.S investor Bill Franke increasing his bet on budget airlines. "We aim to help generate the creative knowledge-sharing environment the industry needs in order to thrive". "It's been extremely worthwhile, she said, "We have managed to see all of our major regional customers in the space of four or five days".

Airbus and USA equity fund Indigo Partners have signed an MoU for the purchase of 430 A320neo Family aircraft for Indigo's four portfolio airlines in the largest-ever single order commitment for Airbus.

Indigo Partners is a private-equity firm based in Phoenix, Arizona, with partial or total ownership of several airlines across America and Europe.

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The framework deal, along with flydubai's deal for Boeing's 737 MAX narrowbody jets, underscores how airlines are taking advantage of slowing global demand to negotiate competitive deals to add to their fleets.

The 430-aircraft commitment comprises 273 A320neos and 157 A321neos worth $49.5bn (£37.6bn) at list prices.

For now, the headline total of nearly 700 jets covered by air show announcements fails to change the order battle as barely 30 of the deals so far represent finalised contracts.

The new aircraft will be used by low-priced airlines Frontier Airlines (US), JetSMART (Chile), Volaris (Mexico) and Wizz Air (Hungary) upon the completion of final purchase agreements. "Our regional customers have maintained their trust in our products and technology, and our partnerships in the Middle East region continue to grow", said Bernard Dunn, President, Boeing Middle East, North Africa and Turkey.

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