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 financed via a Japanese bank.

The comments came after the US decided in September to remove a final hurdle for Western aircraft manufacturers to sell planes to Iran under contracts signed after coming into force of the Joint Comprehensive Plan of Action (JCPOA), a nuclear agreement between Tehran and the group of six countries.

In January, Iran signed a major contract with Airbus worth about $27 billion to buy 118 planes. The contract was signed during the visit to Paris by Iran’s President Hassan Rouhani.

Iran also sealed a deal in June worth around $25 billion with the US aerospace heavyweight, Boeing, for the purchase of 100 passenger planes.

(Source: Tasnim, under Creative Commons licence)

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