US, Japanese Banks to Fund Boeing Sales to Iran
- October, 14, 2016 - 17:44
- Economy news
TEHRAN (Tasnim) – US plane manufacturer Boeing has reached an agreement with an American bank to provide financing for Iran’s purchase of airliners in cooperation with a Japanese bank, an informed source announced.
The informed source at Iran’s government said according to an agreement between Boeing and a US bank, the purchase of the civil aircraft will be financed via a Japanese bank.
The comments came after the US decided in September to remove a final hurdle for Western aircraft manufacturers to sell planes to Iran under contracts signed after coming into force of the Joint Comprehensive Plan of Action (JCPOA), a nuclear agreement between Tehran and the group of six countries.
In January, Iran signed a major contract with Airbus worth about $27 billion to buy 118 planes. The contract was signed during the visit to Paris by Iran’s President Hassan Rouhani.
Iran also sealed a deal in June worth around $25 billion with the US aerospace heavyweight, Boeing, for the purchase of 100 passenger planes.