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Iran Signs Deal To Buy 80 Boeing Planes


The following is an excerpt from AFP.com | December 11, 2016 |

Iran Air finalised a contract to buy 80 planes from Boeing, the US aerospace firm confirmed on Sunday, as it seeks to renew its ageing fleet despite sanctions.

Boeing said the contract -- Iran's first deal with a US aviation firm since the 1979 Islamic revolution -- was worth $16.6 billion (15.7 billion euros).

"Fifty of the planes are 737 and the other 30 are the long haul 777 that will be delivered to Iran Air in a period of 10 years," said Farhad Parvaresh, chief executive of the national carrier, who signed the contract with Boeing officials in Tehran.

With the incoming administration of US president-elect Donald Trump expected to take a tough line on Iran and American lawmakers recently voting for renewed sanctions, Boeing emphasised the employment opportunities of the deal.

"Today's agreement will support tens of thousands of US jobs directly associated with production and delivery of the 777-300ERs and nearly 100,000 US jobs in the US aerospace value stream for the full course of deliveries," the company said in a statement.

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