Photographer: Mike Kane/Bloomberg

Iran Air Agrees to Buy Boeing 737, 777 Jets in Landmark Deal

Updated on
  • Carrier says it will acquire planes through lease purchase
  • Contract is Boeing’s first since lifting of sanctions on Iran

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.

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