ECONOMY

Iran signs $16.6 bln deal for 80 Boeing planes

An IranAir Boeing 747SP aircraft is pictured at Tehran’s Mehrabad airport. (Reuters)

IranAir said it signed a deal on Sunday to buy 80 passenger planes from US aircraft maker Boeing, state news agency IRNA reported, in the biggest US-Iran deal since the 1979 Islamic revolution.

The agency quoted Farhad Parvaresh, the chairman of Iran’s flag carrier, as saying that the 10-year deal included 50 Boeing 737 aircraft and 30 777 planes.

Boeing said in June it had signed a tentative agreement to sell 100 jets to IranAir after Iranian statements about the deal.

IRNA said that Fletcher Barkdull, a Boeing regional director, was in Tehran for the signing ceremony. The agency quoted Barkdull as saying that the

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Last Update: Sunday, 11 December 2016 KSA 15:15 - GMT 12:15
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Iran signs $16.6 bln deal for 80 Boeing planes
American planemaker said in June it had signed a tentative agreement to sell 100 jets to IranAir after Iranian statements about the deal
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