Boeing says the agreement with Iran Air “expresses the airline’s intent” to buy its aircraft. Boeing said any contracts with Iran’s airlines will depend on USA government approval.
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Iran Air has signed an agreement to buy aircraft from Chicago-based Boeing Co., the first major American company to make a deal in the Islamic Republic since the last year’s landmark nuclear agreement, which lifted global sanctions.
Iran Air is the state carrier of Iran, a country with an aging aircraft fleet. ( BA ) for narrow- and wide-body aircraft in the first transaction by the US plane maker since sanctions were lifted in January.
Iran Air has already signed agreements to buy 118 planes from Airbus and 20 from ATR, a French-Italian aircraft manufacturer.
The deal could have a value of up to $25 billion, according to reports.
Since this incident, the U.S. had sanctions in place against Iran.
Boeing’s statement offered no further details. But Airbus, Boeing’s biggest competitor, is having trouble with financing because worldwide banks are anxious they could violate residual USA sanctions. It also signals an apparent win for moderate forces in Iran led by President Hassan Rouhani, who strongly backed the nuclear deal as a way to revitalize the country’s sanctions-choked economy.
Out of Iran’s 250 commercial planes, 162 are flying while the rest are grounded due to lack of spare parts, Akhoundi said Tuesday.
For Americans, it is the U.S. Embassy takeover during the Islamic Revolution and its blacklisting of Iran as a state sponsor of terrorism.
The deal is subject to approval by the USA government, which still imposes a range of sanctions despite last year’s landmark nuclear deal between Tehran and the major powers.
Boeing, in turn, needs clearance from US trade authorities before finalizing the sale.
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Khamenei also questioned purchasing aircraft in a speech June 14.
