Iran to Buy 114 Airbus Aircraft for Iran Air

Now that sanctions are being lifted, Iran has agreed to buy 114 civil aircraft from European aircraft maker Airbus, the transport minister was quoted as saying on Saturday, ahead of the anticipated lifting of international sanctions on Iran.

A deal for 114 aircraft would be worth more than $US10 billion ($A14.60 billion) at catalogue prices, depending on the type of aircraft.

Iran raised its requirement for aircraft to at least 581 planes over the next decade, up from an earlier estimate of 400, according to the state-run Mehr news agency, citing Maqsoud As’adi-Samani, secretary of the Association of Iranian Airlines.

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