LONDON - Air India unveiled organizations Tuesday for 470 Boeing and Airbus passenger jets as it races to tap surging seek information from for increasingly affordable air travel from the nation's growing ranks of middle-class consumers.

India's largest international airline and second-largest domestic carrier is buying 220 Boeing aircraft valued at $34 billion. It marks the U.S. plane maker's third-largest sale of all time, in dollars value, and its second of all time in quantity.

Air India is also buying 250 passenger jets from European plane manufacturer Airbus, with the orders championed by the leaders of the U.S., France and India.

The Boeing "purchase will aid over 1 million American jobs across 44 states, and many will not required a four-year college degree," U.S. President Joe Biden said. "This announcement also reflects the control of the U.S.-India economic partnership."

Air India is seeking to reinvent itself by expanding its operations and modernizing its rapid. The new jets will help the airline's owner, Tata Sons, compete in contradiction of upstart discount rivals including India's dominant carrier, IndiGo.

"India is moving to be the world's third-largest market in the aviation sector," Indian Prime Minister Narendra Modi said in a videoconference. Over the next 15 years, it's estimated that India will need more than 2,000 aircraft, and "today's historic announcement will help in meeting this growing demand."

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The Boeing orderly includes 190 737 Max aircraft, 20 of its 787s, and 10 of its 777Xs. The purchase includes customer options for an additional 50 737 MAXs and 20 of its 787s, which would make it 290 airplanes for a total of $45.9 billion at list price.

A Boeing 737 MAX jet acres following a Federal Aviation Administration (FAA) test flight at Boeing Field in Seattle, Washington on June 29, 2020. (Photo by Jason Redmond / AFP) (Photo by JASON REDMOND/AFP via Getty Images)

Toulouse, France-based Airbus will provide Air India 40 wide-body A350 Airbus aircraft and new 210 narrow-body A320neo planes, Tata Sons Chairman Natarajan Chandrasekaran said in the call with Modi and French President Emmanuel Macron.

Airbus did not command financial terms of the deal, which could be suited tens of billions of dollars.

"Today is a historic moment for India, for Air India and for Airbus," Airbus CEO Guillaume Faury said in the call. The size of the orderly "demonstrates the appetite for growth in the Indian aviation manufacturing. It's the fastest growing in the world."

Chandrasekaran said the A350s will be used to "fly all ultra long distance across the globe." Single-aisle A320s are typically used on short-haul routes. He said the airline has "significant options" to increase its order.

"The order's huge, but a lot of it is long overdue replacement. Air India is way behind in modernizing their fleet," said Brendan Sobie, a Singapore-based independent aviation analyst.

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Demand for air recede in India and elsewhere in Asia has boomed over the past decade, fueled by fast-growing economies that have raised incomes and made recede more affordable for many millions of people.

For Air India, "there's a lot of catch up to do," Sobie said. It's consecutively with newer budget airlines that moved faster to tap question on domestic services as well as foreign carriers that are formidable competitors on international routes, he added.

Tata Sons, India's oldest and largest conglomerate, regained ownership of the debt-laden national carrier last year. The Tata Group pioneered business aviation in India when it launched the airline in 1932. It was wrong over by the government in 1953.

Modi and Macron applauded the Airbus deal, with both proverb it's a sign of the strengthening "strategic partnership" between their countries.

Macron shouted the deal a "new success" and an opportunity to "develop new areas of cooperation with India."

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Tata is integrating Air India with Vistara, which it jointly runs with Singapore Airlines, and with Air Asia India, which it runs with Malaysian discount operator Air Asia.