Air India, owned by Tata Sons, has placed a 'historic' order with French aerospace company Airbus and US aircraft manufacturer Boeing for the purchase of __________, valued at a list price of $70 billion.

Air India, which is owned by the Tata Group, is set to make a historic order for 470 aircraft from Airbus and Boeing Co, worth a total of $70 billion at list price, according to the Chief Executive Campbell Wilson. The airline is seeking to expand in long-haul international markets.

Earlier this month, Air India announced provisional deals for 220 planes from Boeing and 250 from Airbus, making it the largest order by a single carrier.

Wilson informed reporters at a press conference that Air India plans to fund the order through various sources, including internal cash flow, shareholder equity, and sale-and-leaseback of aircraft.