Iran to buy 40 planes from European manufacturer ATR
search

Iran to buy 40 planes from European manufacturer ATR

Deputy transport minister reveals latest deal in sanctions-ending European shopping spree by Tehran’s leaders

An ATR plane bought by Air Botswana departing O.R. Tambo International Airport, Johannesburg, South Africa, on September 16, 2014. (Alan Wilson/Wikipedia/CC BY-SA 2.0)
An ATR plane bought by Air Botswana departing O.R. Tambo International Airport, Johannesburg, South Africa, on September 16, 2014. (Alan Wilson/Wikipedia/CC BY-SA 2.0)

TEHRAN – Iran expects to finalize within days a deal to buy up to 40 planes from ATR, the European manufacturer of turboprop aircraft, a deputy transport minister said Saturday.

“We discussed the deals in Italy and France and ATR officials are expected in Tehran in the coming days to complete the agreement,” Asghar Fakhrieh Kashan said.

“There will be 20 firm and 20 optional orders,” he added, without specifying the value of the contract.

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

This week, during President Hassan Rouhani’s trip to Italy and France, Iran signed a contract for the purchase of 118 Airbus aircraft, to be delivered in the next four years.

Quoted by Iranian media, Kashan said the Airbus deal was worth $10 to $11 billion, while the previously mentioned amount was $25 billion.

The deal is to purchase 73 long-haul and 45 medium-haul Airbus planes, the French manufacturer detailed in a statement.

Before a nuclear deal with world powers took effect this month, Iran’s aviation industry was subject to a US embargo preventing Western manufacturers since 1995 selling equipment and spare parts to the Islamic republic.

The sanctions hindered maintenance operations and pinned to the ground part of Iran’s aging fleet — currently 140 working aircraft, with an average age of about 20 years.

Iran needs 400 to 500 aircraft in the next decade, the head of the Iranian Civil Aviation Authority said in mid-April.

Join us!
A message from the Editor of Times of Israel
David Horovitz

The Times of Israel covers one of the most complicated, and contentious, parts of the world. Determined to keep readers fully informed and enable them to form and flesh out their own opinions, The Times of Israel has gradually established itself as the leading source of independent and fair-minded journalism on Israel, the region and the Jewish world.

We've achieved this by investing ever-greater resources in our journalism while keeping all of the content on our site free.

Unlike many other news sites, we have not put up a paywall. But we would like to invite readers who can afford to do so, and for whom The Times of Israel has become important, to help support our journalism by joining The Times of Israel Community. Join now and for as little as $6 a month you can both help ensure our ongoing investment in quality journalism, and enjoy special status and benefits as a Times of Israel Community member.

Become a member of The Times of Israel Community
read more:
comments