Iran, Air­bus hope­ful of fi­nal­iz­ing deal in 2 weeks

Kuwait Times - - BUSINESS -

Euro­pean plane­maker Air­bus and Iran Air will fi­nal­ize a deal to buy air­craft in two weeks, the head of Iran’s flag car­rier said yes­ter­day, ad­ding Air­bus has agreed to pro­vide fi­nanc­ing for 17 planes. Uncer­tainty over fi­nanc­ing of the deal and po­lit­i­cal op­po­si­tion in the United States against Iran have slowed down Tehran’s ef­forts to im­port air­craft fol­low­ing the lift­ing of sanc­tions this year.

Iran signed a $16.6 bil­lion deal for 80 Boe­ing pas­sen­ger jets on Sun­day, the big­gest pack­age of firm con­tracts with Western com­pa­nies since Iran’s 1979 rev­o­lu­tion. Iran Air Chief Ex­ec­u­tive Farhad Par­varesh said he was hope­ful to fi­nalise the deal with Air­bus in two weeks. “There are only few small re­main­ing is­sues like fi­nanc­ing. Air­bus has agreed to pro­vide fi­nanc­ing for 17 planes,” he was quoted as say­ing by Tas­nim news agency.

Ira­nian of­fi­cials told Reuters in Novem­ber that they have reached a deal with a for­eign leas­ing com­pany to fi­nance the first 17 jets from Air­bus but de­clined to name the lessor in­volved.

Par­varesh said Iran Air was try­ing to get first five Air­bus planes be­fore March 2017. Dur­ing a visit by Pres­i­dent Has­san Rouhani to Paris in Jan­uary 2016, Iran pro­vi­sion­ally or­dered 118 Air­bus jets worth $27 bil­lion. —Reuters

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