Boeing to supply 100 jetliners to Iran, if Treasury approves: aviation official

The head of Iran's civil aviation authority, Ali Abezadeh, said in a newspaper interview published Sunday that the country had reached an agreement with US aerospace giant Boeing to buy 100 commercial aircraft. He added that the value of deal has yet to be finalized, although reports have said it is worth about $17 billion. "We have 250 planes in the country, 230 need to be replaced," Abezadeh said, pointing out that the transaction still requires the approval of the US Treasury Department. The latest developments come after some US sanctions on Iran were lifted in January as part of the July 2015 nuclear agreement between Tehran and Western powers. If approved, the deal would mark the first sale of new US aircraft to Iran since the 1979 Islamic revolution that overthrew the shah. 

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