Iran signs $23b deal for 80 Boeing planes

  • 12/12/2016
IranAir has reportedly signed a multi-billion deal with US aircraft maker Boeing (Getty)
IranAir has reportedly signed a multi-billion deal with US aircraft maker Boeing (Getty)

IranAir says it has signed a deal to buy 80 passenger planes from US aircraft maker Boeing, state news agency IRNA reports, in the biggest US-Iran deal since the 1979 Islamic revolution.

The agency quoted Farhad Parvaresh, the chairman of Iran's flag carrier, as saying that the 10-year deal included 50 Boeing 737 aircraft and 30 Boeing 777 planes.

Boeing said in June it had signed a tentative agreement to sell 100 jets to IranAir after Iranian statements about the deal.

IRNA said that Fletcher Barkdull, a Boeing regional director, was in Tehran for the signing ceremony.

The agency quoted Mr Barkdull as saying that the deal was worth NZ$23.3 billion (US$16.6 billion), and had been approved by the US government.

In November, the US House of Representatives passed a bill intending to block the sale of commercial aircraft to Iran by barring the US Treasury from issuing licences that US banks would need to finance sales of commercial aircraft.

Congressional Republicans are making efforts to counter last year's nuclear accord between Iran, the United States and other world powers, that eased sanctions on Iran.

The Boeing deal would help modernise and expand the Iran's ageing fleet, which has been kept going by smuggled or improvised parts after decades of sanctions.

Reuters

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