Iran “to Pay only Half” of $16.6bn Boeing Deal

By John Lee.

According to a report from Reuters, Iran has said that it had negotiated to pay only about half the announced price for 80 new Boeing airliners, in an order that the American planemaker had said was worth $16.6 billion.

Iran’s IRNA state news agency quotes Deputy Transport Minister Asghar Fakhrieh-Kashan as saying:

“Boeing has announced that its IranAir contract is worth $16.6 billion. However, considering the nature of our order and its choice possibilities, the purchase contract for 80 Boeing aircraft is worth about 50 percent of that amount.”

The head of Iran Air had previously been quoted as saying that the value of the contract would not exceed $10 billion.

(Source: Reuters)

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