Iran Air has made further moves to re-position itself on the global stage with an agreement for 80 aircraft from Boeing.
The aircraft in the agreement have a list price of $16.6bn and include 50 Boeing 737 Max 8s, 15 B777-300ERs and 15 B777-9s.
The agreement follows on from an order for 118 new aircraft from Airbus announced earlier this year.
The two deals will allow Iran Air state to begin the process of replacing aircraft that in some cases date to before the Islamic Revolution in 1979.
While the new aircraft are passenger, Iran Air current lists two Airbus A300B4Fs operated by its cargo arm plus a mothballed B747 freighter.
News of the deal originally broke in the middle of the year, but took time to be completed because it required approval from the US government.
Since the easing of sanctions on Iran, several aviation and logistics groups have revealed plans to capitalise on the market.
IAG Cargo has started offering bellycapacity on a service to the country, Davies Turner has noted an improvement in demand, Eurogate has announced plans to launch services in the country and Korean Air Cargo and Uzbekistan Airways have extended a partnership to Tehran.