Record orders for Airbus

Airbus is laughing all the way to la banque in Le Bourget.

The European planemaker says it has won about $72.2 billion worth of business for a total of 730 aircraft at the Paris Air Show

"This success sets a new record for any commercial aircraft manufacturer at any air show ever," said an Airbus spokesman.

Among the big orders, Indian budget airline IndiGo is buying 180 planes from Airbus worth about US$15.6bn at list prices.

The deal is for 150 of Airbus' new fuel-efficient A320neo jets and 30 A320s.

Another Indian airline, GoAir, selected the A320neo for its long-term fleet expansion plans with a firm order for 72 aircraft.

AirAsia, not unexpectedly, trumped the Indian airlines with a firm order for 200 A320neo aircraft, which is the largest order ever placed for the A320 family and makes AirAsia the biggest airline customer for the Airbus single aisle product line worldwide.