Economy, Domestic Economy

No Problem With Plane Deal Financing

No Problem With Plane Deal FinancingNo Problem With Plane Deal Financing

Iran does not have a problem obtaining financing for its aircraft deals and the delivery of purchased aircraft is on track, Deputy Transport Minister Asghar Fakhrieh-Kashan told IRNA on Saturday.

His comments were in response to rumors spread by the local Mehr News Agency, which recently reported that Airbus had sold aircraft intended for delivery to Iran to other customers because Iran was having trouble obtaining financing.

Fakhrieh-Kashan on Saturday described that report as a “media lie”.

“The financing has been finalized ... and until now there has been no change in that situation,” he was quoted as saying by Reuters. “The timing of the delivery of the airplanes is in line with the contract.”

Fakhrieh-Kashan said the next plane will be delivered next summer.

Airbus said in June that two Iranian airlines had committed to buying 73 planes.

Iranian domestic carrier Zagros Airlines signed a memorandum of understanding to buy 20 Airbus A320neo jets and eight A330neo aircraft, while privatized Iran Airtour signed an MoU for 45 A320neos.

Iran has ordered more than 200 planes since international sanctions against the country were lifted last year in return for limiting the scope of its nuclear activities.

Iran Air has ordered 100 planes from Airbus, 80 from US rival Boeing and 20 ATR turboprops.

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