The order includes 270 planes from Airbus and 200 planes from Boeing, with a total value of around $100 billion at list prices.
Air India, the national carrier of India, has placed an order for 470 planes from Airbus and Boeing, which is the largest single order in the commercial aviation history. The order includes 270 planes from Airbus and 200 planes from Boeing, with a total value of around $100 billion at list prices.
The order comes as part of Air India's plans to expand and modernize its fleet in order to meet growing demand from passengers. With this new order, Air India will be able to add more destinations and frequencies, while also improving the overall experience for its passengers.
The mega deal will create over 2,00,000 jobs in India, directly and indirectly, according to top aviation sector experts.
The order includes a mix of narrow-body and wide-body aircraft, including the Airbus A320neo, A321neo, as well as the Boeing 737 MAX and 787 Dreamliner.
Air India's decision to place such a large order highlights the growing demand for air travel in India; it is expected to become one of the largest aviation markets in the world over the next decade, with Indian government planning to build 80 new airports.