Iran, Boeing reach deal for purchase of 100 planes

The historic deal is pending approval by US Treasury authorities.

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Iran has reached an agreement with US planemaker Boeing to buy 100 planes, and the two sides are awaiting approval by US Treasury authorities, the head of Iran's Civil Aviation Organisation said in remarks published by a state-run Iranian newspaper on Sunday.

"Of the 250 (passenger) planes in Iran, 230 have to be replaced," Ali Abedzadeh told the daily Iran, adding that a written agreement had been signed with Boeing to buy 100 aircraft.

So far, Boeing has only been granted permission to present its products to Iranair and a handful of other airlines as it tries to catch up with Europe's Airbus AIR.PA, which earlier this year won a provisional deal for 118 jets worth $27 billion.

Reuters reported on June 6 that Iran was edging towards a historic deal to buy jetliners from Boeing for the first time since the 1979 Islamic Revolution and that a deal for more than 100 aircraft could be reached fairly soon.

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