The aircraft will fly non-stop from Mumbai to San Francisco on Saturday over the North Pole in over 16 hours.
Boeing claimed it had offered a "comprehensive pricing package" to both Air India and Jet Airways for this and other aircraft.
This B-777-200 LR aircraft has also been ordered by three other global carriers -- Pakistan International Airlines, Qatar Airways and EVA Air of Taiwan.
While Air India has decided to buy eight of these planes apart from other Boeing aircraft, Jet Airways has placed orders for six, with ten other planes on option.
Air Sahara is also in talks with the American manufacturer on their fleet acquisition plans.
"We have given a comprehensive pricing package to Air India," Boeing's Vice-President (International Sales) Dinesh Keskar said on board the B-777-200 LR, called 'Worldliner'.
When the aircraft leaves Mumbai for San Fransisco, "We will probably be the first flight from India to fly over the North Pole to the US", another Boeing official said.
The aircraft can be used for non-stop flights from India to the US, Australia and Japan, Keskar said, adding that once Air India formally places its orders, it would take 15 months to deliver the first plane.