Iran signs deal to buy 20 more air­planes

The Pak Banker - - BUSINESS -

TEHRAN: Iran's na­tional car­rier has signed an agree­ment to buy 20 new pas­sen­ger air­planes with an op­tion for 20 more from French-Ital­ian air­craft man­u­fac­turer ATR, Ira­nian me­dia re­ported to­day. The pur­chase comes a week af­ter Iran Air signed a deal to buy 118 planes from the Euro­pean con­sor­tium Air­bus, sig­nal­ing a ma­jor ef­fort to de­velop the civil­ian avi­a­tion sec­tor now that in­ter­na­tional sanc­tions have been lifted un­der a land­mark nu­clear deal. ATR said the deal signed with Iran Air in­cludes a firm or­der for 20 ATR 72-600 planes. Iran's pri­vate Donya-e Eght­e­sad daily says the deal is worth $1.089 bil­lion. Ira­nian Trans­port Min­is­ter Ab­bas Akhoundi said Tues­day that the planes will be de­liv­ered over 3 years, be­gin­ning in 2016, ac­cord­ing to the of­fi­cial IRNA news agency. He said that un­der a sep­a­rate agree­ment, a French com­pany will build a new ter­mi­nal in Tehran In­ter­na­tional Air­port within a year, with­out elab­o­rat­ing. He said the govern­ment hopes to ex­pand the air­port's ca­pac­ity from 8 mil­lion pas­sen­gers to 40 mil­lion over the next four years by adding two other new ter­mi­nals as well as ren­o­vat­ing an ex­ist­ing one.

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