AIRLINERS FROM BOEING FOR IRAN AIR

Boeing and Iran Air have signed an agreement for 80 airliners that includes 50 737 MAX 8s, 15 777-300ERs and 15 777-9s, valued at $16.6 billion at list prices. Based on its memorandum of agreement (MOA) with Iran Air announced in June, the contract was reached within the terms of the US Government licence issued to Boeing in September. Boeing coordinated closely with the US Government throughout the process leading up to the sale and continues to follow all licence requirements as it moves forward to implement the sales agreement. The agreement will support tens of thousands of US jobs directly associated with production and delivery of the 777-300ERs and nearly 1,00,000 jobs in the US aerospace value stream for the full course of deliveries. The first airplanes under this agreement are scheduled for delivery in 2018.

The 737 MAX incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market. The 737 MAX will be 14 per cent more fuel-efficient than today’s most efficient Next-Generation 737s. The first 737 MAX is scheduled to enter service in 2017. The 777-300ER is the most fuel and cost-efficient airplane in its class as well as the most reliable twin-aisle aircraft in the world. It also has the highest cargo capacity of any passenger airplane. To date customers worldwide have ordered more than 800 777-300ERs. The 777X builds on the passenger-preferred and market-leading 777, as well as offering more market coverage and revenue capability than the competitors. The 777X will include new engines, an all-new composite wing and will leverage technologies from the 787 Dreamliner. The first 777X is scheduled to enter service in 2020.