Economy, Domestic Economy

Airbus Team Negotiating in Tehran

Airbus Team Negotiating in TehranAirbus Team Negotiating in Tehran

A new round of talks with French plane manufacturer Airbus kicked off on Sunday in Tehran and will run through Friday, a deputy minister of roads and urban development announced. “Even though we have reached preliminary agreements regarding financial and technical issues, during this round of negotiations we will hold meetings with Airbus’ technical, financial and legal teams,” ILNA quoted Asghar Fakhriyeh-Kashan as saying on Sunday. Representatives from the US plane giant Boeing are also expected to visit Iran during the week. Airbus and Boeing said on Wednesday they have received US Treasury approval to begin exporting over 200 jets to Iran, under a deal struck in January. Airbus won approval to export the first 17 jets in a $27 billion transaction announced in January, as economic sanctions against Iran were eased. Boeing is still finalizing terms to provide as many as 109 jets to Iran Air.