Iran Air has signed a contract with Airbus to buy 100 aircraft, building on an initial commitment signed in January 2016 in Paris. The agreement signed by Farhad Parvaresh, Iran Air Chairman and CEO, and Fabrice Bregier, Airbus President and CEO, covers 46 A320 planes, 38 A330 and 16 A350 XWB aircraft. The deliveries will begin in early this year (2017), according to a press release issued by Airbus.
“I am delighted that we have reached an agreement to go to the next decisive phase and start taking delivery of new aircraft. I am gratified that this new round of cooperation with Airbus has come to fruition and brought us closer with more practical steps to follow for Iran Air’s fleet renewal. Iran Air considers this agreement an important step towards a stronger international presence in civil aviation. We hope this success signals to the world that the commercial goals of Iran and its counterparts are better achieved with international cooperation and collaboration,” said Mr Parvaresh.
“This is a landmark agreement not only because it paves the way for Iran Air’s fleet renewal”, said Mr Bregier. “Our overall accord includes pilot training, airport operations and air traffic management so this agreement is also a significant first step in the overall modernisation of Iran’s commercial aviation sector”.
The agreement is subject to US government Office of Foreign Assets Control (OFAC) export licences which were granted in September and November 2016. These licences are required for products containing 10% or more US technology content. Airbus coordinated closely with regulators in the EU, US and elsewhere to ensure understanding and full compliance with the JCPOA (Joint Comprehensive Plan Of Action). Airbus will continue to act in full compliance with the conditions of the OFAC licences.
Civil aviation package
The agreement follows the implementation of the JCPOA, its associated rules and guidance and included new commercial aircraft orders as well as a comprehensive civil aviation package. The package includes pilot and maintenance training, supporting the development of air navigation services (ATM), airport and aircraft operations and regulatory harmonisation.
As the world’s leading aircraft manufacturer, Airbus offers the most comprehensive range of passenger airliners from 100 to more than 600 seats. Airbus has design and manufacturing facilities in France, Germany, the UK and Spain and subsidiaries in the US, China, India, Japan and in the Middle East. In addition, Airbus provides the highest standard of customer support and training through an expanding international network.
In early December, Iran Air signed an agreement with Boeing to buy 80 aircraft, valued at $16.6 billion.
The agreement came after Washington lifted some of its sanctions on Iran under a nuclear deal that came into force in January, but many restrictions have remained in place that mean companies trading with Teheran must receive explicit approval from the US Treasury. That includes European firms like Airbus which manufacture some of their parts in the United States.
Latest posts by Ayesha Rashid (see all)
- Emirates Islamic announces 2016 financial results - February 5, 2017
- 7th Annual Investment Meeting to focus on the space industry - February 5, 2017
- UAE Central Bank reviews Q4 Report - February 2, 2017