Bloomberg:

Iran placed an outline order 118 Airbus Group SE jetliners including 12 A380 superjumbos and secured an accord with PSA Peugeot Citroen for the modernization of a Tehran car plant as President Hassan Rouhani’s post-sanctions European shopping trip reached Paris.

The aircraft to be bought from Toulouse-based Airbus are worth almost $27 billion at list prices, according to Bloomberg calculations. Assuming all the planes are delivered, Rouhani signed off on deals valued at about 30 billion euros ($33 billion) in a ceremony at the Elysee Palace, the official residence of his French counterpart Francois Hollande, a French official said.

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