Economy, Domestic Economy
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ATR Plane Deal Finalized

ATR Plane Deal FinalizedATR Plane Deal Finalized

CEO of French planemaker Airbus, Tom Enders, and chief executive of French-Italian light aircraft manufacturer, Patrick de Castelbajac, met Iran’s Roads and Urban Development Minister Abbas Akhoundi and board members of flag carrier IranAir in Tehran on Monday to finalize the deals for Iran’s purchase of new aircraft.

While in Tehran, ATR signed a €1 billion ($1.1 billion) agreement with IranAir on Monday to sell 20 short-haul ATR 72-600 planes, with options on another 20 planes, IRNA reported.

The deal follows talks in Rome and Paris last week during a visit by Iranian President Hassan Rouhani after the lifting of sanctions on January 16.

ATR is “honored to take part in this new era in Iran by providing the national airline with aircraft that will strongly contribute to reinforce and boost regional transportation across the country”, de Castelbajac said in the statement.

ATR is co-owned by European aircraft manufacturer Airbus and Italian aerospace group Finmeccanica.

Deals agreed last week in Paris included a $10.5 billion accord under which Iran will buy 118 Airbus aircraft, 5-8 of which will be delivered by the end of 2016, according to Iranian officials.

Also on Tuesday, Ali Abedzadeh, chairperson of Iran Civil Aviation Organization, the aviation body affiliated to the Ministry of Roads and Urban Development, said one of the purchased Airbus planes will be delivered by March.

Abedzadeh noted that CAO has prohibited domestic airlines from buying passenger planes older than 18 years.

Financialtribune.com