Iran to buy 114 Airbus aircraft to renew Iran Air's ageing fleet

Dubai

IRAN has agreed to buy 114 Airbus Group SE aircraft for state carrier Iran Air, Transport Minister Abbas Akhoundi said before the long-awaited lifting of international sanctions on the Islamic Republic.

The deal includes a mix of new and used jets from the A320 and A340 families, an Iranian official said, declining to be named as the details are private. The A340 is no longer in production. The purchases are expected to be completed after the sanctions lift, with the first deliveries due as early as July, he said.