Tag Archives | Boeing

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: […]

Why do Iran’s Conservatives Oppose Deals with Boeing, Hyundai?

By Changiz M. Varzi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s national carrier Iran Air and US aircraft manufacturer Boeing signed a $16.6 billion deal for the sale of 80 passenger jets Dec. 11, despite strong opposition from the US House of Representatives. […]

Boeing, Iran Air agree $16.6bn Aircraft Deal

Boeing and Iran Air announced an agreement on Sunday for 80 aircraft that includes 50 737 MAX 8s, 15 777-300ERs and 15 777-9s, valued at $16.6 billion at list prices. Based on its Memorandum of Agreement (MOA) with Iran Air announced in June, the contract was reached within the terms of the U.S. Government license […]

Iran, Airbus to Cooperate in Building Aircraft Parts

The Head of Iran’s National Space Center, Manouchehr Manteqi, said the French plane manufacturer Airbus plans to cooperate with the Islamic Republic in joint projects to produce aircraft parts in the near future. “We will soon begin cooperation with Airbus in the manufacture of aircraft parts,” Manteqi said on Monday. Spare parts manufacturers are the […]

US firms join International Air Show in Iran

By Changiz M. Varzi, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On the front page of the Nov. 17 edition of the Reformist Etemad newspaper, a headline in small type, tucked in a corner, read: “Americans in Kish [Island].” The report detailed how American […]

Iran to Receive 9 Brand-New Planes in Months

An Iranian deputy minister said the country is going to receive nine of the new passenger planes it has purchased from Airbus within the coming months, before the new Iranian year. According to Deputy Roads and Urban Development Minister Asghar Fakhrieh, 9 planes are expected to join the fleet of civil flights before the new […]

The real reason Boeing, Airbus deals with Iran matter

By Saheb Sadeghi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Soon after the US Treasury Department granted licenses to Boeing and Airbus to sell passenger planes to Iran, Tehran welcomed the move as a fulfillment of American obligations under the nuclear deal. On Sept. 24, […]

US, Japanese Banks to Fund Boeing Sales to Iran

US plane manufacturer Boeing has reached an agreement with an American bank to provide financing for Iran’s purchase of airliners in cooperation with a Japanese bank, an informed source announced. The informed source at Iran’s government said according to an agreement between Boeing and a US bank, the purchase of the civil aircraft will be […]

Iran, Airbus to Finalize Deal ‘Soon’

Iran’s Minister of Road and Urban Development, Abbas Akhoundi, said Iran will finalize a contract with French plane manufacturer Airbus to purchase of jetliners in the near future. Speaking to reporters on Monday, Akhoundi said his ministry and Airbus representatives held negotiations in Tehran last week following the US decision to remove a final hurdle […]

Likely Delivery of Airbus Planes before 2017

Iran’s minister of roads and urban development said the first delivery of the Airbus aircraft purchased by the country is likely to be made by the end of 2016. “The first series of Airbus planes will probably arrive in Iran by the end of autumn provided that the Office of Foreign Assets Control (OFAC) (of […]

Rouhani’s bet on Nuke Deal may cost him at the Polls

By Ali Hashem for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Halfway between the signing of the historic Joint Comprehensive Plan of Action (JCPOA) and their country’s next presidential election, Iranians are waiting to see how the former will influence the latter — and whether […]

Boeing Raises Stakes in Iran Jet Deal

Boeing Says Rivals Not Allowed to Sell Aircraft to Iran If Congress Blocks Jet Deal A senior official with US aviation giant Boeing said if its deal to sell passenger planes to Iran is blocked by the US Congress, all other US companies that supply to its rivals should be prohibited as well. Ray Conner, […]

US Congress Pushes to Block Boeing Iran Deal

US Congress voted on Thursday to add two amendments to a financial services spending bill regarding the proposed $17 billion deal by Boeing to sell commercial jets to Iran. According to Washington Times, one amendment effectively blocks the Office of Foreign Assets Control (OFAC) from issuing licenses for the deal, while a second curbs the […]

More Details on Boeing-Iran Air Deal

US aviation giant Boeing announced that its sale agreement with Iranian national carrier Iran Air involves a mix of direct sales and leases. In an attempt to allay the concerns of US lawmakers, Boeing in a letter offered details with respect to the deal and said it includes 80 sales valued at $17.6 billion, the […]

Iran Should Phase Out 166 Planes by Next Year

166 Iranian passenger planes with an average age of 23 years need to be retired within a year, Iran’s Minister of Road and Urban Development Abbas Akhoundi said. Speaking to reporters on Wednesday, the minister said Iran’s civil aviation fleet includes a total of 266 aircraft, 100 of which are now grounded. Most of the […]

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 […]

Iran Air Flights to Europe “Use Only Airbus Planes”

Iranian national carrier Iran Air dismissed media reports that the European Union (EU) is keeping its restrictions on the airline’s flights to Europe by Boeing 747 and Fokker 100, saying that Iran Air has never operated flights to Europe by these planes. “Iran Air uses Airbus fleet for its flights to European countries and this […]

Iran “Reaches 100-Aircraft Deal with Boeing”

Head of Iran’s Civil Aviation Organization (CAO), Ali Abedzadeh, has said Tehran and US aerospace giant Boeing have reached a deal for the purchase of 100 aircraft in a bid to upgrade the country’s aging fleet. “Both sides (Iran and Boeing) have reached a written agreement for buying Boeing airplanes,” Abedzadeh said as cited by […]

Israeli NGO may sue Boeing over Iran Deal

Jerusalem Post reports that Shurat Hadin (Israel Law Center) has told Boeing that it will place liens on any of its airplanes slated for Iran if it goes through with an announced sale. The NGO represents hundreds of families of victims of Iranian-sponsored terrorism who hold billions of dollars in unsatisfied US court judgments, and […]

Iran-Boeing deal would Reverse Decision to sell to Saudis

By Barbara Slavin, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Boeing deal would reverse 1993 decision to sell to Saudis, not Iran A multibillion-dollar deal by Boeing to sell civilian airliners to Iran would be a major financial, diplomatic and psychological breakthrough between the United […]