Tag Archives | Airbus

Zagros Airlines to buy 28 new Airbus A330s

Zagros Airlines, one of the leading domestic airlines in Iran, has signed a memorandum of understanding with Airbus for the acquisition of 28 new aircraft, covering 20 A320neo and 8 A330neo aircraft. The commitment was signed at the 52nd Le Bourget Paris airshow by Seyed Abdolreza Mousavi, Zagros Airlines CEO and Fabrice Brégier, Airbus COO […]

Iran Airtour commits to 45 new Airbus Aircraft

Tehran based Iran Airtour Airlines, has become Airbus’ newest customer for the Airbus A320neo Family after signing a memorandum of understanding (MoU) for 45 aircraft at the Paris Air Show. Celebrating 45 years since establishment, the carrier now has been added to Airbus’ list of new customers. Operating scheduled services to domestic and international markets, […]

US Reviewing Iran Aircraft Licenses

By John Lee. The United States is reviewing licenses for Boeing and Airbus to sell aircraft to Iran. Reuters quotes Treasury Secretary Steven Mnuchin (pictured) as telling the House Ways and Means Committee: “We will use everything within our power to put additional sanctions on Iran, Syria and North Korea to protect American lives … […]

European, Asian Firms “Ready to Fund Iran’s Plane Purchases”

Iran’s Deputy Minister of Road and Urban Development for International Affairs Asghar Fakhrieh Kashan said several major institutions from Europe and Asia have expressed readiness to fund the country’s purchases of planes from global aviation giants Airbus and Boeing. Nine financial institutions from Norway, Denmark, Ireland, Britain, China and Japan are ready to fund the […]

UKEF may Finance Iran Aircraft Deal

Iran’s Deputy Transport Minister Asghar Fakhrieh Kashan said UK Export Finance (UKEF) is in talks with the Islamic Republic to facilitate the financing of aircraft sales to the country’s national flag-carrier airline Iran Air. “We have received some offers from UKEF, that is under review by Iran,” Fakhrieh Kashan told Reuters on Thursday. He added […]

Pratt & Whitney to supply Engines for Iran Plane Deal

By John Lee. US-based Pratt & Whitney, a subsidiary of United Technologies (UTC), is to supply engines for the passenger planes sold by ATR to Iran Air, according to report from Hartford Business. An ATR spokesman said the deal is for the 20 ATR 72-600s, a twin-propeller aircraft, and said Iran Air had an option to […]

Iran, ATR Sign Major Aircraft Deal

European aviation giant ATR said it has signed a deal with Iran’s national flag-carrier airline Iran Air to sell 20 aircraft to Tehran. ATR Spokesman David Vargas confirmed the deal for the sale of 20 ATR-600s, a twin-propeller aircraft, was signed on Thursday. “They will definitely help Iran Air to modernize and develop regional connectivity […]

Iran to Receive Four Aircraft from ATR within 15 Days

Iran’s Deputy Transport Minister Asghar Fakhrieh Kashan said the French-Italian aircraft manufacturer ATR is slated to deliver four airplanes to the Islamic Republic within two weeks. In remarks released on Monday, Fakhrieh Kashan pointed to a recent contract between Iran Air and the ATR to purchase 20 ATR 72-600 airplanes and said according to the […]

Iran Air receives its first Airbus A330-200

Iran Air has taken delivery of its first new Airbus A330-200. The delivery of the aircraft is part of Iran Air’s major fleet renewal plan, and is the first wide body from a firm order placed by the national carrier of Iran in December 2016 for 100 Airbus aircraft (46 single aisle and 54 wide-body […]

Private Sector having hard time Financing Expansion

By Navid Kalhor for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  The Islamic bond market in Iran was first kick-started in 2011, with Mahan Air’s issuance of ijara sukuk on the over-the-counter Iran Fara Bourse (IFB) to finance its purchase of […]