Iran Air places order for 100 Boeing aircraft

Iran Air has reached an agreement with Boeing to purchase 100 new aircraft as part of its fleet renewal strategy. The US$25 billion deal consists of a mix of narrowbody B737 and widebody B777 aircraft, and comes months after Iran Air came to an agreement with Airbus for 118 aircraft. Following the lifting of economic sanctions against Iran, the country has taken steps to modernise its aviation sector, with the aim of purchasing 400 to 500 aircraft over the next ten years. Once rubber stamped, the Boeing deal will be the largest between a US business and Iran since the 1979 revolution. For more information, visit iranair.com Clement Huang