Iran plans to buy 300 Boeing and Airbus planes

Iran plans to buy as many as 90 planes per year from Boeing and Airbus to revamp its antiquated fleet, the caretaker director of Iran’s Civil Aviation Organization, Mohammad Khodakarami said.

"Iran will buy a total of 80-90 planes per year from the two aviation giants in the first phase of renovating its air fleet, which would mean a total of 300 planes within three years" TASS cited him as saying.

Khodakarami added that Iran will finance the purchases through mechanisms including leasing, foreign loans and state funds.