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Iran signs $300,000 deals with Boeing

Business Materials 23 November 2014 12:28 (UTC +04:00)

Baku, Azerbaijan, Nov. 23

By Umid Niayesh - Trend:

Iran has signed two deals with the US aircraft manufacturing company Boeing to buy aircraft parts, Farhad Parvaresh, managing director of the Islamic Republic's national flag carrier, Iran Air said.

Iran signed a deal during the six- month period of the Geneva nuclear agreement with Boeing, which followed with another deal during the extended period of nuclear talks, Parvaresh said, the country's Tasnim news agency reported Nov. 23.

The two deals in total amounted to $300,000, the official said.

Under a deal dubbed the Geneva Joint Plan of Action, the six world powers - the US, France, Great Britain, Russia, China and Germany - undertook to provide Iran with some sanctions relief in exchange for Tehran agreeing to limit certain aspects of its nuclear activities.

Iran and the P5+1 agreed to extend their talks over Tehran's disputed nuclear program until Nov. 24 as they remained divided on a number of key issues.

In February, two major US aerospace manufacturers, Boeing and General Electric, applied for export licenses in order to sell airliner parts to Iran following the Geneva interim deal.

Parvaresh underlined that Boeing has sold parts to Iran at official prices which is equal for all consumers.

Earlier in August Iranian media outlets quoted MP Jalil Sar Ghale as saying Iran has not imported any plane parts so far from the Boeing despite the signed deal.

Sar Ghale, who is member of the Iranian Parliament Construction Commission, said that Boeing's offered price for spare parts are three times more than current market prices.

He went on to add that the US company is abusing the sanction circumstances to sell parts to Iran at higher prices, adding that Iran's Civil Aviation Organization has rejected the deal.

An ageing fleet as well as import of aircraft and its spare parts, are the main challenge of the Iranian airlines.

Iran's four largest carriers - Iran Air, Aseman Airlines, Mahan Air and Iran Air Tours - all have average fleet age above 22 years, according to the Iranian media outlets.

About 150 out of Iran's 250 commercial planes were flying while the rest are "not functional" due to a lack of spare parts.

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