Iran Air signs deal to buy 118 Airbus aircraft

Iran Air on Thursday agreed to buy 118 aircraft from Airbus, including 12 A380s, marking the country’s return to the global aviation market and breathing new life into the European group’s troubled superjumbo jet programme.

The agreement, signed at the Elysée Palace, home to the French president, would be worth $25bn at list prices and is believed to be the biggest aircraft order by Iran since the revolution in 1979. Tehran will not pay the full catalogue prices, given the scale of the order.

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