Negotiations and expert studies on contracts with Airbus and Boeing are in their final stage for signature, said the deputy minister of roads and urban development for international affairs.
Asghar Fakhrieh Kashan added that the contracts to purchase airplanes from the two companies have reached the final stage with an understanding to begin joint work.
The official said the purchase of 111 aircraft from Airbus at less that $10 billion and 108 planes from Boeing is close to being finalized.
The draft contract signed in Paris last year envisaged the production of software and hardware for Airbus planes by Iranian companies in cooperation with office of vice-president for science and technology studies, so the Iranian companies will be placed on the list of Airbus planes spare parts suppliers, Fakhrieh Kashan said.
Following the draft agreement, representatives from Airbus came to Iran and an executive committee was set up to conduct expertise works while qualified Iranian companies were tasked with producing spare parts and offering services which meet global standards.
He added that the same process is to be pursued for Boeing.
The US Treasury Department authorized sales of passenger planes by Airbus and Boeing.
Iran Air is to buy more than 200 planes and the delivery is expected to begin by the end of the current year.
