ATR: Agreement with Iran Air company for Ordering 20 Aircraft

Finance
Iran to purchase 20 aircraft from ATR with a possibility of 20 more

Number of regional turboprop ATR aircraft announced on Monday with the signing with Iran Air of a contract valued at “a billion” on firm order for 20 ATR 72-600 aircraft …

The number of turboprop regional aircraft ATR was announced on Monday with the signing with the company Iran Air of a contract valued at “one billion euros” on the firm order for 20 ATR 72-600 aircraft, with the option for an additional 20.

The signing which took place in Tehran, follows the “intense trade talks” in Rome and Paris, on the occasion of the official visit of Iranian President Hassan Rouhani, said in a statement the joint venture of Airbus and Finmeccanica groups.

“This agreement marks the arrival of the latest generation of ATR in Iran, where the first devices are operated since 1992. This market, which just opened again offers great potential for development and expansion of links and traffic inside, “said ATR.

In the negotiations, “the Italian and French States played an important role in leading to the signing of this agreement through the participation of their export credit agencies, respectively Sace and Coface,” says ATR, world leader in appliances Regional transport of fewer than 90 seats.

“We are honoured to participate in this new era in Iran by providing the national carrier aircraft that will do much to strengthen and revitalize the air transport across the country”, welcomed the group CEO Patrick de Castelbajac quoted in the statement said.

The Iranian president in late January made an official visit to France and Italy was dominated by economic agreements worth billions of euros thanks to the lifting of international sanctions.

In the field of air transport, a memorandum of understanding for the acquisition of 118 aircraft by Tehran of Airbus European consortium was concluded for an amount estimated at $ 25 billion.

Giants Bouygues and Vinci Construction, and the manager of ADP Paris airports have also signed memoranda of understanding to develop three airports in Iran.

The airline industry in Iran was subject to a US embargo from 1995, preventing Western manufacturers to sell equipment and spare parts for Iranian companies, grounding part of their fleet.

The head of the Iranian civil aviation had said in mid-April that Iran would need 400-500 airliners in the next decade.

The Iranian fleet currently comprises 140 aircraft in operation, whose average age is about 20 years

ATR: Agreement with Iran Air company for Ordering 20 Aircraft 1

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