Air India’s chief commercial and transformation officer said the carrier has the option to purchase an extra 370 aircraft from Airbus, Rolls-Royce and Boeing over the next decade.
Earlier this week, the carrier announced it had agreed to purchase 250 jets from Airbus and 220 planes from Boeing as part of the airline's transformation plan under India’s largest conglomerate, Tata Group.
"The order comprises of 470 firm aircraft, 370 options and purchase rights to be procured from Airbus and Boeing over the next decade," said Nipun Aggarwal, chief commercial and transformation officer at Air India, wrote in a LinkedIn post.
The UK government hailed the deal, boasting it will be worth billions of pounds to the economy and support the creation of hundreds of jobs.
Wing assembly of the aircraft will be designed in Filton, near Bristol, and assembled in Broughton, North Wales, and is expected to generate an additional 450 manufacturing jobs and bring more than £100mln of investment to Wales.
The A350 Airbus aircraft’s engines are exclusively powered by Rolls-Royce XWB engines which are assembled and tested in Derby.
Shares in Rolls-Royce were up 1.8% to 114p.