Airbus said Monday that it had received a record order for $24 billion worth of new single-aisle jets from the Indonesian low-cost airline Lion Air, marking a significant inroad for the European plane maker into one of the fastest-growing air-travel markets in Asia that until now has been dominated by its U.S. rival, Boeing.

The firm order, for 234 of the company’s popular A320- and A321-series jets, was announced by high-level executives of Airbus and Lion Air at a ceremony in Paris overseen by President Francois Hollande of France. The deal represents the largest single order of Airbus jets, both by value and number of planes.