Wednesday, Jun 20 2018 | Time 05:39 Hrs(IST)
image
image
  • US withdraws from U N Human Rights Council -US Ambassador Haley
  • FIFA World cup: Russia beats Egypt by 3-1
  • Russia on brink of knockout stage after win over Egypt
  • England hit record 481 in ODI thrashing of Australia
  • Soccer-Brazil winless but not worrying yet, says Coutinho
World Share

Indigo Partners nears deal for 400 Airbus jets -sources

DUBAI, Nov 15 (Reuters) Veteran airline investor Bill Franke looked set to place a historic $40 billion order for around 400 Airbus jets, shaking up the low-cost industry and turning the annual race between Airbus and Boeing for plane orders on its head.
Franke, whose Phoenix-based Indigo Partners controls Frontier Airlines and owns part of Mexico's Volaris, flew to the United Arab Emirates on Wednesday and was expected to sign the deal at the Dubai Airshow, marking one of the industry's biggest ever deals by volume, two people familiar with the matter said.
Airbus and Indigo Partners declined to comment. Bloomberg News earlier reported the potential contract involved 430 jets.
The deal marks a dramatic turnaround for Airbus, which had been lagging behind Boeing in the contest for orders so far this year and had started the Nov 12-16 air show on a backfoot.
With Boeing so far dominating the show, delegates said all eyes were on Airbus where sales chief John Leahy, a veteran of last-minute air show surprises, was plotting a blockbuster climax to a more-than-20-year stint as marketing boss.
Leahy is due to retire in coming months after serving as sales chief for the European planemaker since 1994.
REUTERS SV 1030
More News
India, France ink pact for cooperation in conservation of caves

India, France ink pact for cooperation in conservation of caves

19 Jun 2018 | 10:48 PM

Paris, June 19 (UNI) India and France on Tuesday inked a Letter of Intent on cooperation in the field of conservation of pre-historic ornate caves and rock shelters.

 Sharesee more..

Migrant children cry for separated parents

19 Jun 2018 | 4:33 PM

New York, June 19 (UNI) An audio recording in which migrant children in the US can be heard crying for their parents has been released as US President Donald Trump remains defiant over his immigration policy, a BBC News report has said.

 Sharesee more..

Puan, oldest known Sumatran orangutan, dies in Australia

19 Jun 2018 | 4:23 PM

Jakarta, June 19 (UNI) The world's oldest known Sumatran orangutan has died in an Australian zoo aged 62, leaving behind 54 descendants, according to a BBC News report.

 Sharesee more..

Dozens feared dead as overloaded Sumatra ferry sinks

19 Jun 2018 | 4:18 PM

Jakarta, June 19 (UNI) Indonesian rescuers are searching for more than 100 people missing after a ferry sank on a lake in Sumatra.

 Sharesee more..

Lt General Aziz Ahmed is new Bangladesh army chief

19 Jun 2018 | 3:49 PM

Dhaka, Jun 19 ( UNI) Lieutenant General Aziz Ahmed has been appointed as the new chief of staff of Bangladesh Army.

 Sharesee more..
image