Iran to Purchase 114 Airbus Jets

Iranian officials say the country’s flagship airline will finalize a deal to purchase 114 jets from Airbus when President Hassan Rouhani visits France on Wednesday. Iranian media quoted Transport Minister Abbas Akhoundi saying Iran Air and Airbus will sign the agreement. Akhoundi has not given any specific terms, including the price of the planes. The cost will run billions of dollars, but Iran badly needs the planes to upgrade its fleet of passenger jets, which were subject to...

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