BREAKING NEWS

Report: Iran agrees to buy 114 aircraft from Airbus as world powers lift sanctions

By REUTERS

JANUARY 16, 2016 18:40

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.

"We have taken the first step in agreeing with Airbus to buy 114 planes," Abbas Akhoondi was quoted as saying by the Tasnim news agency.

Airbus said it was not engaging in commercial talks with Iran until sanctions had been lifted. Sanctions were expected to be lifted later on Saturday, as diplomats gathered in Vienna and Iran said it had freed four U.S. citizens from jail.

"Although Iran clearly has a need for new aircraft, we must conform strictly to the law and, until all measures concerning the embargo are lifted, no commercial discussions can take place," a spokesman said.

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