POST Online Media Lite Edition


Iran Air, ATR sign plane purchase deal

Staff Writer |
Iran Air has signed a contract with the European plane manufacturer ATR to purchase over a dozen planes.

Article continues below

This is a yet another move taken in light of the government’s plans to rejuvenate the country’s ageing aviation fleet.

The agreement involved 20 ATR 72-600s, a twin-propeller aircraft that can carry 70 passengers. It was signed by Iran Air Managing Director Farhad Parvaresh and ATR CEO Christian Scherer.

Parvaresh was quoted by the domestic media as saying that at least four ATR planes would be delivered to Iran Air within the next month, adding that five more would also be delivered by the end of 2017.

The official further emphasized that the delivery of all planes would be completed by the end of 2018.

He added that his company had an option to purchase another 20 planes from the French-Italian company.

Parvaresh did not disclose the value of the deal, but reports say it could be worth $536 million at list prices.

What to read next

Iran, Boeing ink MoU on purchase of aircraft
ATR delivers 2 new passenger planes to Iran
Iran gets its first widebody aircraft after sanctions