Boeing and Iran Air announce $16.6 billion deal

Iran Air 747 jet
Iran Air already operates Boeing planes such as this 747 jet. (Aero Icarus Photo – CC BY-SA 2.0)

The Boeing Co. and Iran Air say they have signed a sale agreement for 80 jets, valued at a list price of $16.6 billion.

The deal announced today follows through on a memorandum of agreement that was laid out in June, as well as a U.S. government license that was issued to Boeing in September. The big question is whether the sale will continue to pass muster next year once the Trump administration and a new Congress have a chance to weigh in.

The agreement covers 50 single-aisle 737 MAX 8 jets, 15 wide-body 777-300ER jets, and 15 777-9s. That last bunch of jets will be derivatives of the 777-300ER, part of the 777X program that has yet to enter production.

Boeing said the first deliveries would be made in 2018, while Iran’s state-owned IRNA news agency quoted an aviation official as saying the jets will be delivered over the course of 10 years.

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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