Iran Air finalised a contract to buy 80 planes from Boeing, as it seeks to renew its ageing fleet despite sanctions.
The contract — Iran’s first deal with a U.S. aviation firm since the 1979 Islamic revolution — was worth $16.6 billion.
Fifty of the planes are 737 and the other 30 are the long haul 777 that will be delivered to Iran Air in a period of 10 years.