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