Abb Takk News

Iran Air signs contract to buy 80 planes from Boeing

TEHRAN: Iran Air has finalised a contract to buy 80 planes from US firm Boeing, the official IRNA news agency reported.

“Fifty of the planes are 737 and the other 30 are the long haul 777 that will be delivered to Iran Air in a period of 10 years,” said Farhad Parvaresh, chief executive of the national carrier, who signed the contract with Boeing officials in Tehran.

The contract is worth $16.6 billion (15.7 billion euros).

The US government gave final approval to the deal as the initial agreement was signed in June.

Washington lifted many of its sanctions on Iran under a nuclear deal that came into force in January, but many restrictions have remained in place that mean companies trading with Tehran must receive explicit approval from the White House.