Iran to sign Airbus jet deal today

|About: Airbus SE ADR (EADSY)|By:, SA News Editor

Iran is set to sign a formal deal to buy up to 100 jets from Airbus (OTCPK:EADSY) today, roughly split equally between narrow body and wide body aircraft.

The first of the jets should be delivered in mid-January, Reuters reports.

Sanctions were lifted almost a year ago, but were followed by months of regulatory delays - Tehran only finalized a deal to buy 80 jets from Boeing on Dec. 11.

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