Indigo Partners is a United States investment firm founded by Bill Franke that specialises in the lease of planes to low-priced airlines.
The airline had announced orders for 288 planes as of the end of October.
At current list prices, these additional aircraft are worth in excess of US$17.2 billion although discounts will be granted by Airbus. Canada's Enerjet also plans to partner with Indigo to launch a new ultra-low-cost carrier in the Canadian market.
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It was one of the industry's biggest deals by volume and the most planes ever sold by Airbus in one batch.
Indigo controls Frontier and Chilean low-cost start-up JetSmart and also holds stakes in Mexican budget airline Volaris and European low-cost carrier Wizz.
While deliveries will start in 2022, the bulk of the aircraft will be delivered in 2025 and 2026, following on from the delivery of the 110 Airbus A321neo aircraft ordered by Wizz Air in 2015.
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After final purchase deals with each are confirmed, likely by the end of the year, Hungary's Wiz Air will receive 72 A320neos and 74 A321neos, United States carrier Frontier Airlines will receive 100 A320neos and 34 A321neos, Chile's JetSMART will receive 56 A320neos and 14 A321neos and Mexico's Volaris will receive 46 A320neos and 34 A321neos.
The air show is proving a positive one for Airbus, who began the annual event lagging behind rival Boeing in the order department in 2017, so far.
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