Sunday, 25 June, 2017

Iran and European planemaker ATR to sign contract next week

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Iran and European planemaker ATR are due to sign a deal next week for the purchase of 20 short-haul passenger aircraft, an Iranian official said on Saturday, weeks after Tehran finalised deals with Boeing  and Airbus.

ATR, co-owned by Airbus and Italy’s Leonardo Finmeccanica (LDOF.MI), in February reported preliminary orders from Iran for 20 twin-engine turboprop ATR 72-600 aircraft.

“Representatives of ATR will come to Tehran this Wednesday to have a final round of talks,” Deputy Transport Minister Asghar Fakhrieh-Kashan was quoted as saying by ISNA news agency.

“The final version of the contract will be reviewed, and if there is no problem, it will be signed by both sides.”

Fakhrieh-Kashan added that the contract for 20 planes was worth $400 million.

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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