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Boeing says it signs sales agreement with Iran Air

Boeing says it signs sales agreement with Iran Air

By JON GAMBRELL and NASSER KARIMI
Associated Press
Jun 21 2016 2:23 pm

DUBAI, United Arab Emirates — Boeing Co. said Tuesday it signed an agreement with Iran Air “expressing the airline’s intent” to buy its aircraft, setting up the biggest business deal between the Islamic Republic and America since the 1979 U.S. Embassy takeover in Tehran.

Already, one Iranian official has said the deal could involve 100 aircraft while another has suggested Iranian airlines may purchase airplanes worth $25 billion from Chicago-based Boeing, welcome news to workers on its massive assembly plants around Seattle.

However, the long-standing enmity between the U.S. and Iran, as well as other sanctions, still could complicate any agreement — even after last year’s nuclear deal.

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