Airbus takes off with big order on first day of Dubai Airshow

Airbus came out strongly at the Dubai Airshow on Sunday with a group order for 255 single-aisle A321 aircraft, marking the first major deal of its kind since the pandemic began.

The European plane-maker's announcement came shortly after its American rival Boeing said it would fulfil an order to convert 11 single-aisle 737s into cargo aircraft, and as the aviation industry slowly recovers from a Covid-induced downturn.

Airbus said the order came from Wizz Air, Frontier, Volaris and JetSMART -- all from US company Indigo Partners -- for a total value of more than $33 billion, according to the latest list price published by Airbus in 2018.

The total cost of the order was not disclosed, but list rates are rarely applied to large deliveries.

Hungarian low-cost carrier Wizz Air will receive 102 aircraft, American Frontier Airlines will receive 91, while 39 will go to Mexico's Volaris and 23 to Chilean JetSMART. 

Airbus CEO Guillaume Faury said that because the four companies fall under the same aviation-focused equity firm, it allowed for a large order and for an attractive price, adding: "It's a give and take situation."

Deliveries are set to begin in 2025.

Representatives of the embattled aviation industry flocked to the Dubai Airshow on Sunday as the sector emerges from coronavirus pandemic travel restrictions and faces pressure to reduce its impact on climate change.

The five-day event in the United Arab Emirates is the industry's first large gathering since Covid-19 clipped its wings last year, as border closures left airports deserted and hundreds of aircraft idle.