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Iran signs deal to buy 80 Boeing planes

An Iran Air Boeing 747 passenger plane sits on the tarmac of the domestic Mehrabad airport in Tehran on January 15, 2013Iran Air finalised a contract to buy 80 planes from US firm Boeing, the official IRNA news agency said Sunday, as it seeks to renew its ageing fleet despite sanctions. IRNA reported that the contract was worth $16.6 billion (15.7 billion euros), in the first such deal since the 1979 Islamic revolution. “Fifty of the planes are 737 and the other 30 are the long haul 777 that will be delivered to Iran Air in a period of 10 years,” said Farhad Parvaresh, chief executive of the national carrier, who signed the contract with Boeing officials in Tehran.

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