Air India has finalised an order for around 250 aircraft with Airbus and the deal is expected to be announced next week, a source said on Thursday.
The source in the know also said the airline has signed a deal with Boeing for about 200 planes.
Specific details could not be immediately ascertained and there was no immediate comments from Air India about the deals.
The Tata group-owned Air India is expanding its operations as well as fleet.
On January 27, Air India chief Campbell Wilson said the airline is finalising a historic order of new aircraft.