Iran Has Reached a Deal to Buy Planes From Boeing

June 14, 2016, 3:52 PM UTC
US-AVIATION-BOEING-737MAX
Boeing's first 737 MAX named the "Spirit of Renton" is parked on the tarmac at the Boeing factory in Renton, Washington on December 8, 2015. The latest version of Boeing's best-selling 737, introduced in the mid-1960s, is due to make its first flight early next year and reach customers in 2017. It will burn an estimated 14 percent less fuel per seat than current 737s and fly farther, allowing airlines to open new routes. AFP PHOTO/JASON REDMOND / AFP / JASON REDMOND (Photo credit should read JASON REDMOND/AFP/Getty Images)
Photograph by Jason Redmond — AFP/Getty Images

Iran has reached a deal to buy jetliners from U.S. planemaker Boeing (BA), the country’s minister of roads and urban development was quoted on Tuesday as saying.

“In coming days details of the deal with this company will be announced,” Abbas Akhoundi said, according to the semi-official Mehr news agency.

Boeing’s Middle East headquarters said it did not have any immediate comment.

 

Reuters reported last week that Iran was edging towards a historic deal to buy jetliners from Boeing for the first time since the 1979 Islamic Revolution, potentially matching an order for over 100 jets from Europe’s Airbus.

The chairman of flag carrier Iranair told Reuters it was also talking to Boeing about providing support for its fleet under a deal between Tehran and six major powers to ease sanctions in return for curbs on Iran’s nuclear activities.

Iranair agreed in January to buy 118 jets worth $27 billion at list prices from Airbus. The deal was conditional on U.S. export licences because of the quantity of U.S.-built parts.