Iran reaches deal to buy 100 new Boeing planes

Iran has reached a deal to buy 100 planes from US plane producer Boeing, and the two sides are awaiting approval by US Treasury authorities, according to the head of Iran's Civil Aviation Organisation.

"The final obstacle in this area are only the permits from the US Treasury Department," Abedzadeh told the state-owned newspaper Iran in remarks published on Sunday, adding that there was no precise timeline for the written contract to be implemented before US Treasury permission.

He said the reported value of $17bn for the contract was not final and that more details would be provided after further negotiations.
"Out of 250 planes in the country, 230 need to be replaced," Ali Abedzadeh added.