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Iran-Boeing deal can be finalized in Tehran

Business Materials 7 November 2016 15:07 (UTC +04:00)

Baku, Azerbaijan, Nov. 7

By Khalid Kazimov – Trend:

Representatives of Boeing, the giant American aircraft manufacturer, are in Iran for the talks regarding a deal on the Islamic Republic’s purchase of new airplanes.

Iranian Transport Minister Abbas Akhoundi has expressed hope that the deal will be finalized soon, Mehr news agency reported Nov. 7.

“If the ongoing talks reach a positive result, the sides will sign the contract in Tehran,” he added.

The minister further touched upon the country’s agreement with Airbus, French aircraft manufacturer, saying the existing agreement, which is in the form of a memorandum of understanding, will soon turn into a contract.

Earlier in September the US removed a final hurdle for Western aircraft manufacturers to sell planes to the Islamic Republic.

Iran plans to buy about 500 aircraft in 10 years to refurbish its ageing fleet. Iranian airliners average 25 in age.

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