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Business: Airbus Will Sell 100 Planes to Iran After Similar Boeing Deal

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The European aircraft manufacturer Airbus completed a deal on Thursday to sell 100 jetliners to Iran, a move described by both sides as a major step toward revitalizing Iran’s aged commercial fleet after years of sanctions and economic isolation. 
 
The sale came a few weeks after the Boeing Company, Airbus’s American rival, signed its own deal to sell 80 aircraft to Iran, one of the most prominent commercial transactions between the United States and Iran in decades. 
 
Both sales were possible because of provisions in the nuclear agreement between Iran and six world powers that took effect nearly a year ago, which lifted many sanctions on Iran in exchange for its verifiable pledges of peaceful nuclear work. 
 
Despite sharp criticism of the nuclear agreement by President-elect Donald J. Trump and the Republican-led Congress, and the possibility that they could subvert it, both aviation companies moved forward with their deals, which were in the works for months. 
 
Their combined value could be more than $26 billion, and they could help employ many thousands of workers in the United States and Europe. Many Airbus components are made in the United States and are subject to American export controls. 
 
Airbus said it expected to start deliveries in early 2017. Boeing has said it expects to start deliveries in 2018. 
 
“We hope this success signals to the world that the commercial goals of Iran and its counterparts are better achieved with international cooperation and collaboration,” Fabrice Brégier, Airbus’s president and chief executive, said in an announcement. 
 
Farhad Parvaresh, chairman and chief executive of Iran Air, the national airline taking delivery of the planes, called the deal “the next decisive phase” in the renewal of the airline’s commercial fleet. 
<a href="http://www.nytimes.com/2016/12/22/world/middleeast/iran-airbus-boeing-deal.html?_r=0"> </a>
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