Tue, Feb 02, 2016
The One Billion Euro Deal Marks The Arrival Of The Newest Generation ATR Aircraft In Iran
Turboprop manufacturer ATR and Iran’s national flag carrier Iran Air have signed a deal in Tehran for the introduction of 40 newest generation ATR 72-600s. The agreement includes firm orders for 20 aircraft plus 20 options, and is valued at one billion euro (approx $1.09 billion).
The signature of the deal follows the commercial discussions held in the last days in Rome and Paris, on the occasion of the visit of the President of Iran, H.E. Mr. Hassan Rohani, and the Minister of Transportation of Iran, Mr. Abbas Ahmad Akhoundi.
During the negotiations, the Italian and French states played an important role to achieve the signing of this deal, through the participation of their export credit agencies, respectively Sace and Coface.
The deal marks the arrival of the newest generation ATRs in Iran, where the first aircraft have been operating since 1992. This freshly open market provides a strong potential for the development and expansion of domestic traffic and routes.
“We are honored to take part in this new era in Iran by providing the national airline with aircraft that will strongly contribute to reinforce and boost regional transportation across the country," said Patrick de Castelbajac, Chief Executive Officer of ATR.
(Image provided with ATR news release. (L-R) Mr. Farhad Parvaresh, Chairman and member of the Board of Iran Air; Mr. Patrick de Castelbajac, Chief Executive Officer of ATR.)
More News
From 2023 (YouTube Version): Legacy of a Titan Robert (Bob) Anderson Hoover was a fighter pilot, test pilot, flight instructor, and air show superstar. More so, Bob Hoover was an i>[...]
Get The Latest in Aviation News NOW on Instagram Are you on Instagram yet? It's been around for a few years, quietly picking up traction mostly thanks to everybody's new obsession >[...]
Aero Linx: B-52H Stratofortress The B-52H Stratofortress is a long-range, heavy bomber that can perform a variety of missions. The bomber is capable of flying at high subsonic spee>[...]
Altimeter Setting The barometric pressure reading used to adjust a pressure altimeter for variations in existing atmospheric pressure or to the standard altimeter setting (29.92).>[...]
"Knowing that we play an active part in bettering people's lives is extremely rewarding. My team and I are very thankful for the opportunity to be here and to help in any way we ca>[...]