Iran Air and Boeing Sign Final Deal; First Delivery in 2018

A historic day in Tehran, Iran Air and Boeing sign a deal after 41 years.

After 10 negotiation meetings, all held in Tehran, Iran Air and Boeing have finally reached a final deal.

Boeing and Iran Air announced an agreement today for 80 aircraft that includes 50 737 MAX 8s, 15 777-300ERs and 15 777-9s, valued at $16.6 billion at list prices.

Based on its Memorandum of Agreement (MOA) with Iran Air announced in June, the contract was reached within the terms of the U.S. Government license issued to Boeing in September, Boeing announced in a press release.

The agreement with Iran’s national carrier will support tens of thousands of American jobs directly associated with production and delivery of the 777-300ERs and nearly 100,000 American jobs in the U.S. aerospace value stream for the full process of deliveries. The first aircraft under this agreement are scheduled for delivery in 2018.

Boeing and its more than 13,600 U.S. supplier and vendor partners across all 50 states are proud to ensure America continues to lead in global aerospace and to create jobs and opportunities in communities across the nation. Boeing’s U.S. supply chain currently supports more than 1.5 million U.S. jobs.
According to the Ministry of Road and Urban Development, quoting Iran Air’s CEO Farhad Parvaresh, Iran Air is said to take delivery of the 80 aircraft until 2028.
Starting in April 2018, Iran Air will take delivery of 6 B737 MAX 8s per year until it reaches 50. In 2019 6 B777s will be delivered and from 2020 3 B777s are ready to enter Iran per year until it reaches 30. From 2021, 10 to 12 aircraft will be delivered each year.
Photo: Ministry of Road and Urban Development