Thursday, July 24, 2014

Boeing Reaches Agreement with Iran on Parts, Services

Boeing announced today that it has reached a deal with Iran’s state carrier Iran Air to supply airplane parts, manuals, drawings, service bulletins, navigation charts and data. Boeing has also opened discussions with Iran Air Tour, a subsidiary of Iran Air, for similar goods and services. (Reuters, 24 July)

The agreement marks the first dealings between U.S. aerospace giant and Iran since the 1979 hostage taking by the Iranians led to the original sanctions against Iran. Iran Air’s fleet still includes vintage Boeing jetliners delivered before 1979.

The sanctions relief by the U.S. that allowed Boeing’s deal was part of the interim nuclear agreement, JPOA, that was signed last year and is now extended until November.

File photo: The Boeing logo is seen at their headquarters in Chicago (JIM YOUNG/ REUTERS/Chicago Tribune, 24 July, 2014)


Mark Pyruz said...

Excellent news.

Anonymous said...

" On May 8, 1979, Iran filed complaints against Boeing and LSC for $75,000,000 in damages resulting from the crash of a Boeing 747 aircraft owned by Iran, alleging defects in the aircraft manufactured by Boeing..."

Boeing has not yet agreed to make any specific sales to Iran and will probably require prepayment in whole of part.... in dollars and not the local funny money.

Nader Uskowi said...

Boeing and Iran Air did sign the agreement, containing the terms and conditions for delivering parts and services. Now Iran Air has to identify specific parts and services that it wants to purchase from Boeing, and it can purchase those under the agreement. This is a historic deal for the state carrier.

Nader Uskowi said...


Anonymous said...

Great news! Both the country and its citizens can benefit from this deal!


Anonymous said...

Will the agreement come with the usual "Marg bar Amrika"?