Airbus simply inked its biggest airplane purchase ever

Airbus has signed a deal to sell 430 jetliners, among the largest orders found in the annals of commercial aviation.

Private equity strong Indigo Partners, which includes create ultra-low cost airlines around the world, produced the substantial order Wednesday at the Dubai Air Show for Airbus’ single-aisle A320neo family airliners.

The planes aren’t all for one airline. Instead, Indigo has used the negotiating electric power of its various carriers to buy in bulk. The deal will spread the jets out across Frontier Airlines in the U.S., Mexico’s Volaris, Wizz Atmosphere of Hungary and newcomer JetSmart of Chile.

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The stunning magnitude of the offer — which Airbus (EADSF) called its “largest single commercial announcement ever” — caught various in the aviation industry by surprise. To put it in perspective, an individual airline with 430 planes would rank among the 10 largest carriers on the planet.

Worth nearly $50 billion in list prices, the offer is a major rebound for Airbus, which includes substantially lagged its U.S. arch rival Boeing in orders this year. Buyers typically receive discounts of 40% to 60% on the list prices, but can get even bigger reductions for really big deals.

Airbus and Boeing went into the air express with 288 and 605 net orders, respectively. If all of the deals they each announced at the express are finalized before the end of the year, they will head into the last weeks of 2017 neck-and-neck in the competition for the largest annual order tally.

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The Indigo Companions order may be the single largest order by number of aircraft than anybody plane maker has received.

American Airlines in 2011 ordered 460 innovative planes in a single deal, but that was distributed between both Boeing and Airbus. Indian low-expense airline IndiGo (which isn’t linked to Indigo Companions) bought 250 Airbus jets in 2015.

But the biggest order by worth originated from Emirates airline of Dubai in 2013. It agreed buy 150 Boeing 777X planes and 50 A380s, which were worth a complete of $99 billion at list prices.

Wednesday’s historic package represents a final grand act for Airbus’s chief salesman, John Leahy, who blueprints to retire from the company once a successor is selected.

Leahy, a smooth-speaking New Yorker, became a famous thorn found in the side of Boeing and other Airbus rivals during his a lot more than 20 years in the work. He sold tens of thousands of jetliners for the European plane maker, supporting it pull alongside its big U.S. rival in terms of both revenue and deliveries.

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