Boe­ing An­nounces Agree­ment ran Ase­man Air­lines for ith MA s

India Strategic - - APPOINTMENTS -

SEATTLE. Boe­ing con­firmed April 4 the sign­ing of a Me­moran­dum of Agree­ment ( MOA) with Iran Ase­man Air­lines, ex­press­ing the airline’s in­tent to pur­chase 30 Boe­ing 737 MAX air­planes with a list price value of $3 bil­lion. The agree­ment also pro­vides the airline with pur­chase rights for 30 ad­di­tional 737 MAXs. De­liv­er­ies would be sched­uled to start in 2022. Boe­ing ne­go­ti­ated the MOA un­der au­tho­ri­sa­tions from the US Govt fol­low­ing a de­ter­mi­na­tion that Iran had met its obli­ga­tions un­der the nu­clear ac­cord signed in 2015. Boe­ing will look to the Of­fice of For­eign As­sets Con­trol for ap­proval to per­form un­der this transaction. Boe­ing con­tin­ues to fol­low the lead of the US Govt with re­gards to work­ing with Iran’s air­lines, and all con­tracts with Iran’s air­lines are con­tin­gent upon US Govt ap­proval.

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