Low-cost Indonesian carrier Lion Air has signed a record deal for 234 Airbus A320s, worth EUR€18.4 billion (USD$24 billion) at list prices, France and Airbus said on Monday.
French President Francois Hollande's office on Monday called the deal with Lion Air, traditionally a client of Boeing, "the biggest for Airbus in terms of the number of aircraft and the overall sum."
The contract for the A320s trumped that between Lion Air and Boeing in 2011 for 201 planes worth USD$22 billion.
Lion Air has been rapidly growing its fleet to meet the need for medium-haul jets servicing the expanding aviation market in Indonesia, the world's fourth most populous country.
The landmark order includes 109 A320neos and 64 A321neos, as well as 60 A320ceo planes.
While below a recent peak, commercial aircraft demand remains robust as airlines and lessors update fleets in a bid to drive down fuel costs, while emerging markets continue to grow strongly.