Deals
Iran Air Agrees to Buy Boeing 737, 777 Jets in Landmark Deal
- Carrier says it will acquire planes through lease purchase
- Contract is Boeing’s first since lifting of sanctions on Iran
A nearly completed Boeing 777 reaches the end of a moving production line at the company's facility in Everett, Washington, U.S.
Photographer: Mike Kane/BloombergThis article is for subscribers only.
Iran Air, the Islamic Republic’s state carrier, has signed a memorandum of understanding with Boeing Co. to buy narrow- and wide-body aircraft, in the first transaction by the U.S. planemaker since sanctions were lifted in January.
The purchase includes a mix of 737 and 777 models, Iran Air said in a statement on its website. The carrier will obtain the planes through a lease-purchase agreement, pending clearance from the U.S. and Iran. Boeing said any contracts with Iran’s airlines will depend on U.S. government approval.