Boeing and Iran Air announce agreement for 80 airplanes

Boeing 777-9X Image by Boeing

On 11 December, Boeing and Iran Air announced an agreement for 80 aircraft that includes 50 737 MAX 8s, 15 777-300ERs and 15 777-9s, valued at $16.6 billion at list prices.

The deal will be the first of its kind since 1979. Iran is modernising its fleet which is one of the oldest in the world.

Based on its Memorandum of Agreement (MOA) with Iran Air announced in June, the contract was reached within the terms of the U.S. Government license issued to Boeing in September. Boeing coordinated closely with the U.S. Government throughout the process leading up to the sale and continues to follow all license requirements as it moves forward to implement the sales agreement. The order will be posted on Boeing’s Orders & Deliveries website as contingencies are cleared.

Boeing announced that the agreement will support tens of thousands of U.S. jobs directly associated with production and delivery of the 777-300ERs and nearly 100,000 U.S. jobs in the U.S. aerospace value stream for the full course of deliveries. The first airplanes under this agreement are scheduled for delivery in 2018 and will continue over 10 following years. Airbus also has a deal with Iran Air for 118 planes.