Boeing Confirms Sale Agreement with Iran Air

US aviation giant Boeing confirmed on Tuesday that it has signed a sale agreement with Iranian national carrier Iran Air.

BBC News values the deal at $25 billion at list prices.

In a statement on Tuesday, Boeing said it has signed the agreement “under authorizations from the US government following a determination that Iran had met its obligations under the nuclear accord reached last summer,” AP reported.

Tehran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) finalized the deal, known as the Joint Comprehensive Plan of Action (JCPOA) on July 14, 2015 and started implementing it on January 16.

The JCPOA terminated all nuclear-related sanctions against Iran after coming into force.

The statement by Boeing came after Iran Air confirmed on Monday that it has reached a deal with the American carrier and that it wants to buy new generations of the Boeing 737, as well as the 300ER and 900 version of Boeing 777.

Head of Iran’s Civil Aviation Organization (CAO) Ali Abedzadeh also said on Sunday that Tehran and Boeing have reached a deal for the purchase of 100 aircraft.

“Both sides (Iran and Boeing) have reached a written agreement for buying Boeing airplanes,” Abedzadeh said.

Back in January, Iran signed a major deal worth $27 billion with aviation giant Airbus to purchase 118 planes from the company. The deal with Airbus was sealed during a state visit to Paris by Iran’s President Hassan Rouhani.

Iran has a fleet of 250 aircraft, of which 90 are grounded due to the economy or missing parts, Managing Director of Iran Air Farhad Parvaresh said recently.

Of that total, 80 percent will need to be renewed in the next decade, he said, adding that growth could add even more jets to Iran’s shopping list.

(Source: Tasnim, under Creative Commons licence; BBC News)

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