Iran signs US $27bn deal for 118 Airbus aircraft

Iran officials have signed two agreements with Airbus covering new aircraft orders totalling 118 units and a civil aviation co-operation package.
Iran Air has ordered 12 A380 super jumbos as part of the deal.
Iran Air has ordered 12 A380 super jumbos as part of the deal.

Share

Iran officials have signed two agreements with Airbus covering new aircraft orders totalling 118 units and a civil aviation co-operation package.

Iran Air has signed an agreement with Airbus for the acquisition of the full range of new Airbus airliners (73 wide-bodies and 45 single aisle). This includes pilot and maintenance training and support services to help the entry into service and efficient operations of these new aircraft.

The financial particulars of the deal have not been disclosed, but it is worth US $27-billion to Airbus at list prices for the aircraft. Iran is likely to pay much less due to bulk order discounts.

In parallel the minister of roads and urban development Dr Abbas Ahmad Akhoundi has signed a co-operation agreement as part of the country’s modernisation of its civil aviation sector. The agreement aims to support the development of air navigation services (ATM), airport and aircraft operations, regulatory harmonisation, technical and academic training, maintenance, repair and industrial cooperation.

These two agreements took place as part of the implementation of the JCPOA (joint comprehensive plan of action) on January 16 2016, and its associated rules and guidance.

The agreement for 118 new aircraft signed by Iran Air chairman and CEO Farhad Parvaresh includes 21 A320ceo family, 24 A320neo family, 27 A330ceo family, 18 A330neo (-900), 16 A350-1000 and 12 A380.

Commenting on the signing, Parvaresh said: "Today’s announcement is the start of re-establishing our civil aviation sector into the envy of the region and along with partners like Airbus we’ll ensure the highest world standards.”

Most Popular