Iran, Boeing deal on sales of 100 airliners finalised

REUTERS
DUBAI
Published 19.06.2016 11:21
Updated 19.06.2016 11:24
(Reuters Archive Photo)
(Reuters Archive Photo)

Iran has reached a deal to buy 100 planes from U.S. planemaker Boeing, and the two sides are awaiting approval by U.S. Treasury authorities, the head of Iran's Civil Aviation Organisation said in remarks published by state media on Sunday.

So far, Boeing has only been granted permission to present
its products to Iranair and a handful of other airlines as it
tries to catch up with Europe's Airbus, which won a
provisional deal earlier this year for 118 jets worth $27
billion.

Reuters reported on June 6 that Iran was edging towards a
historic agreement to buy jetliners from Boeing for the first
time since the 1979 Revolution and that a deal for more
than 100 aircraft could be reached fairly soon.

"Of the 250 (passenger) planes in Iran, 230 have to be
replaced," Ali Abedzadeh, the head of Iran's Civil Aviation
Organisation, told the state-run daily newspaper Iran, adding
that a written agreement had been signed with Boeing to buy 100
aircraft.

Abedzadeh said that no precise timeline could be given for
the implementation of the deal before an authorisation is issued
by the U.S. Treasury Department.

"The final obstacle in this area are only the permits from
the U.S. Treasury Department," Abedzadeh told the Iran
newspaper.

In January, Iranair agreed in to buy 118 jets worth $27
billion at list prices from Airbus. The deal was conditional on
U.S. export licenses because of the quantity of U.S.-built parts.

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