The new agreement comes on top of the $16.6 billion sale Boeing previously made in Iran following the landmark nuclear deal struck under the Obama administration. The new Boeing deal was made possible by the nuclear agreement reached between Iran and world powers. Boeing struck a December deal with Iran Air, the country's flagship carrier, for 80 passenger planes worth $16.6 billion. In January, Iran Air signed agreements to buy 118 planes from Airbus, estimated to be worth some €22.8 billion ($25 billion). Trump has threatened to renegotiate terms of the Iran deal, while some lawmakers have suggested putting new sanctions in place and criticized Boeing for selling aircraft to Iran.

Source: Egypt Independent April 04, 2017 17:48 UTC