Iran is expecting the US Treasury to issue the licenses required to purchase around 200 Airbus and Boeing aircraft.

Iran’s Deputy Transport Minister Asghar Fakhrieh Kashan confirmed on September 18 that Iran’s government is trying to upgrade the aging fleet. Tehran and Boeing previously agreed on the purchase of 80 aircraft and on the lease of additional 29. However, the agreement received pressure from the US government that plans to prohibit the US Treasury from licensing the deal.

Iran has also signed a deal with Airbus for 118 aircraft, amounted $27 billion. This transaction also awaits the US Treasury’s export license due to Airbus jets having 10% US content.

The Deputy Minister also said that Iran is arranging a leasing agreement amounted $10 billion for Airbus aircraft. The deal will be signed in the near future.