Iran Air to buy 80 planes from Boeing

Iran Air has signed a $16.6 deal for 80 aeroplanes with US manufacturer Boeing, local news agency IRNAreported.

The publication cited managing director of the Civil Aviation Organization of Islamic Republic of Iran Farhad Parvaresh as confirming the deal.

He said deliveries would take place over a 10-year period and include 50 Boeing 737s and 30 Boeing 777s.

Fletcher Barkdull, a Boeing regional director, was quoted as saying the deal was worth $16.6bn and had been approved by the US government.

Earlier in the year, Boeing confirmed it had received an order for 100 jetliners from the Islamic Republic, its first deal since the country’s 1979 revolution.

This followed an Iranian deal with Boeing’s European rival Airbus for 114 planes in January.

Gulf Business Contribution Time: 11-Dec-2016 18:33 (GMT)
Gulf Business Last Update Time: 11-Dec-2016 18:33 (GMT)