Boeing signs sales agreement with Iran Air paving way for historic deal

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Boeing Co. said Tuesday it signed an agreement with Iran Air “expressing the airline’s intent” to buy its aircraft, setting up the biggest business deal between the Islamic Republic and America since the 1979 U.S. Embassy takeover in Tehran.

Already, one Iranian official has said the deal could involve 100 aircraft while another has suggested Iranian airlines may purchase airplanes worth $25 billion from Chicago-based Boeing, welcome news to workers on its massive assembly plants around Seattle.

However, the long-standing enmity between the U.S. and Iran, as well as other sanctions, still could complicate any agreement — even after last year’s nuclear deal. And even if the $25 billion deal is finalized, aircraft deals are often announced at list prices, meaning the actual price tag would likely be lower as airlines typically get steep discounts.

Boeing issued a statement to The Associated Press saying that it signed the Iran Air agreement “under authorizations from the U.S. government following a determination that Iran had met its obligations under the nuclear accord reached last summer.”

“Boeing will continue to follow the lead of the U.S. government with regards to working with Iran’s airlines, and any and all contracts with Iran’s airlines will be contingent upon U.S. government approval,” it said.

Boeing’s statement offered no further details. Fakher Daghestani, a Dubai-based spokesman for the manufacturer, declined to elaborate.

Source: Associated Press

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