Air­bus se­cures Iran Air deal with list price of $18 bil­lion

The Washington Times Daily - - WORLD -

PARIS | Air­bus and Iran Air fi­nal­ized Thurs­day a deal for 100 planes worth more than $18 bil­lion dol­lars — a con­tract that’s po­ten­tially a big boost for Iran’s post-sanc­tions econ­omy.

Un­der the terms of the deal, which was ini­tially an­nounced in Jan­uary, Air­bus said de­liv­er­ies are ex­pected to be­gin early next year.

The con­tract in­cludes sin­gle-aisle A320 and A330 jets and wide-body A350 XWB planes.

As well as fur­ther mod­ern­iz­ing Iran’s ag­ing avi­a­tion fleet, which has been hob­bled by years of sanc­tions, the deal is a boon to Air­bus too as Iran’s flag car­rier had fi­nal­ized a deal for 80 jet­lin­ers from U.S. plane maker Boe­ing Co. — Air­bus’ key ri­val — this month.

Air­bus also is to help Iran Air with pi­lot train­ing, as­sist with air­port oper­a­tions and air traf­fic man­age­ment.

The Boe­ing agree­ment was the big­gest Iran has struck with an Amer­i­can com­pany since the 1979 rev­o­lu­tion and U.S. Em­bassy takeover.

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