EVERETT, Wash. – Air India has placed new orders for Boeing passenger jets as it races to tap surging demand for affordable air travel.
India’s largest international airline and second-largest domestic carrier is buying 220 planes, valued at $34 billion.
It marks Boeing’s third-largest sale of all time, and its second of all time in quantity.
The Boeing order includes 190 737 Max aircraft, 20 787s, and 10 777Xs.
The new jets will help Air India’s owner compete against upstart discount rivals.
Demand for air travel in India has boomed over the past decade, fueled by fast-growing economies that have made travel more affordable.
Over the next 15 years, it’s estimated that India will need more than 2,000 aircraft.