Airbus SE (EADSY) and Boeing Co. (BA) inked more than $75 billion in commitments for single-aisle planes Wednesday at the Dubai Airshow. The wave of new deals comes amid booming growth in the low-cost airline space as discount carriers lock in deals for their most popular planes for the upcoming years. (See also: Boeing Secures $37B Order During U.S. Trade Mission to China.)

Among the largest of the contracts, Chicago-based Boeing has secured a $27 billion deal with Flydubai to sell up to 225 more of its 737 MAX planes, including the newest and largest version, the MAX 10. The deal calls for 175 firm commitments with purchase rights for 25 more. Emirates, another carrier owned by the government of Dubai, also struck a deal with Boeing this week for 40 of its 787 Dreamliners.

At the Dubai Airshow, Airbus secured what it calls one of the biggest aircraft deals in its history with airlines linked to Indigo Partners LLC, the U.S. private-equity group known for transforming Spirit Airlines Inc. (SAVE) into a successful ultra-low-cost carrier. The proposed deal has a price tag of nearly $49.5 billion before customary discounts that can reduce the true value by 50% or greater.  

Low-Cost Travel Outpaces Overall Market

The news demonstrates the heightened demand for single-aisle planes as both Boeing and Airbus have committed to ramping up their production. Boeing is now building 47 single-aisle planes per month this year, aiming for 52 a month next year and 57 in 2019.

“We think low-cost travel will certainly grow much faster than the rest of the market,” said Boeing Commercial Airplanes marketing Vice President Randy Tinseth, indicating that “there is upward pressure” to boost production capacity even higher.  

Toulouse, France-based Airbus is working toward making 60 A320 planes a month beginning in 2019 and is considering a target of 63 per month. (See also: Bombardier, Airbus Respond to Boeing Complaint, U.S. Tariff.)

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