Iran may revive deals to buy jets from Airbus, Boeing

Iran may revive deals to buy jets from Airbus, Boeing

The head of Iran’s Civil Aviation Organization says a likely revival of the 2015  deal will resurrect the country’s contracts to buy passenger jets from the likes of Airbus and Boeing.

Talks between Iran and the remaining signatories of the Joint Comprehensive Plan of Action (JCPOA) in Vienna to remove unilateral US sanctions on the Islamic Republic are in the homestretch, with different sides citing ”relative progress”.

“The program to modernize the aviation industry is the desire of the president [Ebrahim Raeisi], and with the possibility of reviving the JCPOA and removing restrictions, the aircraft purchase contracts will also be revived,” Mohammad Mohammadi-Bakhsh said on Monday.

Iran had placed orders for purchases of 200 brand new planes from Airbus and Boeing after it signed the nuclear deal with the P5+1 group of countries in 2015. However, the plane contracts came to a halt in 2018 after the US Treasury banned…

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *