Boeing 'making progress' on airplane deal with Iran - CEO

Aircraft maker Boeing Co (BA.N) is making progress on a deal to provide more than 100 commercial airplanes to Iran though none will be delivered in 2016, the company's top executive said on Tuesday.
The deal is part of efforts to rebuild Iran's elderly fleet, an agreement included in a 2015 pact between Tehran and six world powers to lift most Western sanctions in exchange for limiting Iran's stockpiles of substances that could be used to make nuclear weapons.
"We won't deliver any aircraft under that deal this year - these are deliveries that are a year, two, three downstream,"... read more