>> Airbus has landed its biggest ever deal, selling 430 planes to budget airline tycoon Bill Franke in a deal worth just under $50 billion at list price. Franke's Indigo Partners will supply the A320neo narrow-body jets to four airlines in which it has stakes. Frontier in the US, Mexico's Volaris, Chilean carrier JetSmart, and Hungary's Wizz Air.
The preliminary deal signed at the Dubai air show on Wednesday is the industry's largest ever by number of aircraft and is a major boost for Airbus in its ongoing battle with archrival Boeing. Airbus's market share has previously been on par with Boeing, but, going into the Dubai Air Show, its share of the sales had dropped to 35%, as a rejuvenated Boeing management made advances in Singapore and elsewhere.
Boeing had its own deal to announce on Wednesday as well. It secured a provisional agreement to sell 175 planes to budget airline flydubai. With options to buy a further 50 planes, it could be a deal worth $27 billion at list prices. Airbus shares were up 2% on Wednesday while Boeing's were down 0.2%.