Airbus, Boeing contracts at final stage for signature

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Deputy Minister of Roads and Urban Development for international affairs Asghar Fakhriyeh Kashan said on Sunday that negotiations and expert studies on contracts with Airbus and Boeing are getting to final stage for signature soon.

He said that the contracts to purchase airplanes from the two companies reached the final stage and understanding has been achieved to begin joint work.

Fakhriyeh Kashan said purchasing 111 airplanes from Airbus with credit less than 10 billion dollars and 108 planes from Boeing is close to be finalized.

The draft contract signed in Paris last year envisaged producing software and hardware for Airbus planes by Iranian companies in cooperation with office of vice-president for science and technology studies, so the Iranian companies will be placed on the list of Airbus planes spare parts suppliers, Fakhriyeh Kashan said.

Upon draft agreement, representatives from Airbus company came to Iran and the executive committee was formed to fulfill expertise works and qualified Iranian companies would produce spare parts and offer services at the universal standard.

He added that the same process is to be executed by Boeing as well.

The US Treasury Department authorized sale of passenger planes by Airbus and Boeing.

Iran Air is to buy more than 200 planes and the delivery is expected to begin at the end of the current year.

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