Airbus signs Iran deal for 118 planes worth $25 billion

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The planemaker said the deal, signed amid a raft of others during a visit by President Hassan Rouhani, was conditional on getting U.S. export licenses because more than 10 percent of their parts were made in the United States.

Airbus said the order included 73 wide body and 45 narrow body jets and comprised 12 A380s, 16 A350-1000S, 45 A320S, and 45 A330s.

The inclusion of the A380s - the world's largest passenger plane - sends a powerful commercial signal to Iran's economic rivals in the Gulf, and is a boost for Airbus, which has been struggling to sell them.

Iranian officials said funding would be obtained using European export credits and lease financing and that Iranair planned to use the A380s on routes including Toronto.

(Reporting by Tim Hepher; Writing by Andrew Callus; Editing by Michel Rose, Leigh Thomas)

News source: Reuters

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