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Iran signs deal to buy 80 planes from Boeing

Xinhua, December 11, 2016 Adjust font size:

Iran Air announced here on Sunday that it has finalized an agreement with the U.S. Boeing to purchase 80 commercial planes, state TV reported.

The agreement, signed in capital Tehran, envisages the purchase of 50 twinjet narrow-body Boeing 737 planes and 30 long-range wide-body 777 aircraft with a total value of 16.6 billion U.S. dollars, according to Press TV.

The planes would be delivered to Iran within 10 years, Iran Air managing director Farhad Parvaresh said, adding that the first deliveries are expected in 2018.

Boeing is happy to return to Iran after a hiatus of multiple decades, Fletcher Barkdull, the Boeing's regional sales director, told official IRNA news agency.

The finalization of the agreement with Iran Air had been carried out by direct approval of the administration of U.S. President Barack Obama, Barkdull said.

Iran has signed another preliminary agreement with France's Airbus to to purchase 106 commercial planes. Endit