US, Japanese Banks to Fund Boeing Sales to Iran

US, Japanese Banks to Fund Boeing Sales to Iran

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.

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