Skip to footer

Iran signs $16.6 bln deal for 80 Boeing planes, report

The deal with the U.S. aircraft maker is the biggest U.S.-Iran deal since the 1979 Islamic revolution.

|
AP Photo/Hasan Sarbakhshian, File
FILE - In this June 2003 file photo, a Boeing 747 of Iran's national airline is seen at Mehrabad International Airport in Tehran. Iran said Sunday it has finalized a $16.8 billion deal with Boeing to purchase 80 passenger planes, a deal made possible by last year's landmark nuclear agreement.
  • By Reuters

| Dubai

IranAir said it signed a deal on Sunday to buy 80 passenger planes from U.S. aircraft maker Boeing, state news agency IRNAreported, in the biggest U.S.-Iran deal since the 1979 Islamic revolution.

The agency quoted Farhad Parvaresh, the chairman of Iran's flag carrier, as saying that the 10-year deal included 50 Boeing 737 aircraft and 30 777 planes.

Boeing said in June it had signed a tentative agreement to sell 100 jets to IranAir after Iranian statements about the deal.

IRNA said that Fletcher Barkdull, a Boeing regional director, was in Tehran for the signing ceremony. The agency quoted Barkdull as saying that the deal was worth $16.6 billion and had been approved by the U.S. government.

In November, the U.S. House of Representatives passed a bill intending to block the sale of commercial aircraft to Iran, that would bar the U.S. Treasury from issuing licenses that U.S. banks would need to finance sales of commercial aircraft.

Congressional Republicans are making efforts to counter last year's nuclear accord between Iran, the United States and other world powers, that eased sanctions on the Islamic Republic.

The Boeing deal would help modernize and expand the Iran's aging fleet, kept going by smuggled or improvised parts after decades of sanctions.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.
editor@csmonitor.com
Subscribe
Mark Sappenfield
Editor

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

Subscribe to insightful journalism

QR Code to Iran signs $16.6 bln deal for 80 Boeing planes, report
Read this article in
https://www.csmonitor.com/World/2016/1211/Iran-signs-16.6-bln-deal-for-80-Boeing-planes-report
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe