The air travel business in India is all set to get to the next stage after a number of Jets have been ordered. GoAir also placed what by any normal standards would have been an eye-catching order for 72 Airbus jets at $6.6 billion.

"It's been a frenzy in Paris with orders from India proving that the industry is in pretty good shape...It's all part of the continuing shift in economic power from west to east," said BGC Partners senior strategist Howard Wheeldon.

India's airlines have orders worth $40 billion in the pipeline, but analysts say their ability to pull through to taking delivery could be tested by high fuel taxes, poor infrastructure, debt and frequently rising interest rates.