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Iran's Aseman Airlines and the Boeing Company have inked a deal on Iran's purchase of 60 Boeing aircraft.

The Chicago-based company reached a deal in December to sell US$16.6 billion in planes to Iran Air, the first pact of its kind since 1979.

In September, Washington granted permission to Boeing and its European competitor Airbus to sell billions of dollars' worth of aircraft to Iran. Boeing said it negotiated the agreement with the approval of the USA government following the determination that Iran met its obligations under the Joint Comprehensive Plan of Action, the nuclear agreement signed between Iran and China, France, Russia, United Kingdom, United States, Germany and the European Union. The company said it would seek purchase approval from the US Office of Foreign Assets Control.

The delivery of the first purchased airplane to the Aseman Airlines would take place in 2019, according to the airline. Reasonable, perhaps, but we wouldn't bet the ranch on it.

Boeing lists 3,621 unfilled orders for the 737 MAX aircraft, a single-aisle plane which undergoes final assembly in Renton, Washington.

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Less than a week after that decision, the airline sealed a deal to lease seven planes made by European manufacturer Airbus. President Trump threatened to scrap the Iran sanctions agreement during the presidential campaign.

The latest deal comes after Boeing agreed to sell 80 aircraft worth $16.6 billion to Iran Air as part of the atomic deal between Iran and world powers created to lift major sanctions in exchange for limited nuclear developments.

Boeing described the deal as a "memorandum of agreement", a type of transaction that falls short of a binding contract and is subject to government approvals.

Trump has been critical of the nuclear accord in the past and has discussed potentially renegotiating the terms of the agreement. When he was still Trump's national security adviser, Michael Flynn said that Iran was "officially on notice" after it conducted a missile test in February. "It attracts headlines - and it has all kinds of political headaches and conflicts associated with it - but Iran as a world hub of aviation isn't what it was".


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