Airbus (EADSY) will sell 100 aircraft to Iran Air as part of a multibillion dollar deal the company signed with the Iranian government less than a year after Western sanctions against the country were lifted.
Airbus did not provide a specific deal valuation but the agreement includes provisions for pilot training, airport operations and air traffic management. Delivery of the planes is still subject to U.S. government approval due to the fact that the French company's products contain more than 10% U.S. technology content.
President-elect Donald Trump has signaled that he is not a fan of lifting sanctions against Iran, which could complicate the delivery of the jets following his Jan. 20 inauguration. Iran holds its own presidential election in May next year.