Wednesday, 03 June, 2020

After Boeing and Airbus, Iran now eyeing deal with European manufacturer ATR

By Vahid Jafarian, Editorial Board Member

Iran expects to finalize a contract to buy a number of aircrafts from European regional plane maker ATR  within next week.

According to an Iranian official, a team from the plane maker would arrive in Tehran next week for final talks.

“The final round of talks will be held with ATR representatives (next) week and we expect the Iran Air contract to be signed … in the following week,” Deputy Transport Minister Asghar Fakhrieh-Kashan, quoted by Iran’s IRNA state news agency.

In February, ATR, co-owned by Airbus (AIR.PA) and Italy’s Finmeccanica (LDOF.MI), reported preliminary orders from Iran for 20 ATR 72-600 aircraft and options for another 20.

Fakhrieh-Kashan said that IranAir may exercise an option to buy 20 aircraft from ATR, in addition to a planned firm order of 20.

“The purchase of 20 planes has been finalized and Iran may buy 20 more planes,” said Fakhrieh-Kashan, adding that the contract for 20 planes was worth less than $500 million.

ATR is a French-Italian aircraft manufacturer headquartered on the grounds of Toulouse Blagnac International Airport in Blagnac, France.

Earlier this month, Iran finalized a deal to buy 80 jets from U.S. Boeing worth $16.6 billion and following that, European aircraft manufacture Airbus signed a firm contract for the sale of 100 aircraft to Iran Air.

Airbus said the contract, covered 46 Airbus A320 planes, 38 A330 planes and 16 A350 XWB aircraft, with deliveries due to begin in early 2017.

The government of President Hassan Rouhani has pushed to finalize aircraft deals to show results from the nuclear accord with world power to end sanctions, according to Reuters.


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