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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.

Get the full story on GeekWire.

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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