Iran reaches deal for 100 Boeing airliners

Iran has reached a historic agreement to buy 100 planes from Boeing for the first time since the 1979 Islamic Revolution, and is awaiting US approval.

Iran has reached a deal to buy 100 planes from US planemaker Boeing, and the two sides are awaiting approval by US Treasury authorities, the head of Iran's Civil Aviation Organisation says.

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, which won a provisional deal earlier this year for 118 jets worth $US27 billion ($A36.54 billion).

Reuters reported on June 6 that Iran was edging towards a historic agreement 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.

"Of the 250 (passenger) planes in Iran, 230 have to be replaced," Ali Abedzadeh, the head of Iran's Civil Aviation Organisation, told the state-run daily newspaper Iran, adding that a written agreement had been signed with Boeing to buy 100 aircraft.

Abedzadeh said that no precise timeline could be given for the implementation of the deal before an authorisation is issued by the US Treasury Department.

"The final obstacle in this area are only the permits from the US Treasury Department," Abedzadeh told the Iran newspaper.

In January, Iranair agreed to buy 118 jets worth $US27 billion at list prices from Airbus. The deal was conditional on US export licences because of the quantity of US-built parts.


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Source: AAP


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Iran reaches deal for 100 Boeing airliners | SBS News