Boeing and Iran Air have announced an agreement for 80 aircraft – 737 MAX 8s, 15 777-300ERs and 15 777-9s – valued at $16.6bn at list prices.

Based on the Memorandum of Agreement (MOA) with Iran Air announced in June, the contract was reached within the terms of the U.S. Government license issued to Boeing in September. Boeing says it continues to follow all license requirements as it moves forward to implement the sales agreement.

The first aircraft under this agreement are scheduled for delivery in 2018.

Iran had also announced an agreement with Airbus in January, covering the acquisition by Iran Air of 118 aircraft — 45 A320s, 45 A330s, 16 A350s and 12 A380s — along with Airbus support in pilot and maintenance training, customer support and services. That contract is also expected to be finalized soon.

Airbus had also announced a separate agreement covering development of the country’s air navigation services with assistance in airport and aircraft operations, harmonisation of its air regulations, training on the technical and academic levels, guidance in maintenance and repair operations, as well as industrial cooperation.

In February, Iran Air signed an agreement covering firm orders for 20 ATR 72-600 turboprops plus 20 options — a deal valued at €1bn.