Airbus shares take off
$50m aircraft order encourages investor confidence
by Abi Moses on 18th November, 2017
It's been a roller-coaster of a week in the world of finance, with some of the biggest brands experiencing tremendous share price fluctuations. One of the greatest success stories of the week was however Airbus, receiving an airplane order valued at $49.5bn. Placed by a US investment group, the news quickly rippled across the international investor network, seeing the business enjoy a 3.7% share price increase on Wednesday.
Though thorough details of the order are yet to be released, what we do know is that it was actioned by Indigo Partners, an Arizona-based fund run by industry veteran; Bill Franke. The goods include 430 of Airbus’s A320neo aircrafts which will be split between four airlines; all of which are involved in the private equity group’s portfolio.
Eager to pass comment, Mr Franke said the “significant commitment” underscored Indigo’s “optimistic view of the growth potential of our family of low-cost airlines”. Understandably welcoming the request, Airbus executive, John Leahy, described the order as “remarkable”.
But, who is Indigo?
Indigo is a fund that boasts stakes in US carrier Frontier Airlines, JetSMART in Chile, Mexico’s Volaris and European carrier Wizz Air. According to sources, Wizz will take the biggest share of the planes, adding 146 jets to its fleet. Frontier will allegedly take 134 while JetSMART will get 70 and Volaris 80.
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