Iran Air signs agreement for 100 aircraft with Airbus

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Dec 27, 2016: Iran Air and Airbus have signed a firm contract for 100 aircraft, building on an initial commitment signed in January 2016 in Paris.

The agreement signed by Farhad Parvaresh, chairman and CEO, Iran Air and Fabrice Bregier, president and CEO, Airbus, covers 46 A320 Family, 38 A330 Family and 16 A350 XWB aircraft.

Deliveries will begin in early 2017.

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 Farhad Parvaresh, Iran Air.

“This is a landmark agreement not only because it paves the way for Iran Air’s fleet renewal”, said Fabrice Bregier, Airbus.

“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 licenses are required for products containing 10 percent 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. Airbus will continue to act in full compliance with the conditions of the OFAC licences.

The agreement follows the implementation of the JCPOA (Joint Comprehensive Plan Of Action), 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 harmonization.

Recently, Iran Air also announced an agreement with Boeing for 80 aircraft that includes 50 737 MAX 8s, 15 777-300ERs and 15 777-9s, valued at $16.6 billion at list prices.

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