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XAutoplay: On | OffThe massive deal includes 273 A320neo jets and 157 A321neos. The show recorded deals worth $113.8 billion.

Boeing had opened the Dubai Air Show on November 12 by inking a $15.1 billion deal with Emirates for 40 American-made 787-10 Dreamliners.

The first Airbus deal of the day was for the supply of 430 medium-range A320 family of aircraft to U.S. investment firm Indigo Partners.

"Hopefully I can do better than that", he added.

The sheer size of the deal has caught many in the aviation industry by surprise.

Four companies in Indigo's investment portfolio: Frontier Airlines, Mexico's Volaris, European operator Wizz Air Holdings Plc and upstart JetSmart, will receive the planes.

The order, believed to be the biggest ever for Airbus, will more than double the value of the airline's sales for the year.

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The two major deals signed recently goes a long way to increase the strength of budget airlines who are operating excellently by combining bargaining charges with optional services and maintenance upgrade, where passengers are required to pay extra for those services. The third Airbus deal involving 15 Airbus 320neo was announced by AerCap Holdings and Egyptair.

"We've done a little research and we don't?think there's been a larger order ever", said Franke said at the press conference in Dubai.

Wednesday's flydubai-Boeing deal is the third aircraft order placed by the Dubai-based airline with Boeing in its eight-year history and follows orders placed in 2008 and 2013.

The deal marks a major coup for Airbus's Chief Operating Officer John Leahy, who is expected to leave the group soon at the end of a career in which he oversaw the sale of almost 15,000 planes.

With more than 5,200 orders received from 95 customers since its launch in 2010, the A320neo Family has captured almost 60 percent market share, Airbus noted.

Airbus shares rose as much as 3.9%, taking their gain this year to 38%.