Boeing acknowledged Tuesday that Iran Air has signed a letter of intent to order airliners, confirming the US manufacturer intends to challenge Airbus vigorously in the politically sensitive, but potentially lucrative Middle Eastern market. “Boeing confirms the signing of a memorandum of agreement (MOA) with Iran Air expressing the airline’s intent to purchase Boeing commercial airplanes,” the company told ATW June 21. The company declined to disclose details of the ...

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