Bangkok Post

IranAir gets 5 ATRs ahead of sanctions

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DUBAI: IranAir took delivery of five more ATR turboprop aircraft, Iranian state media said on Sunday, shortly before Washington imposes new sanctions on Iran after exiting a nuclear pact between Tehran and major world powers.

All five new ATR 72-600 airplanes landed in Tehran’s Mehrabad airport after leaving Toulouse, France, where they were built, and refuelling in Urmia in northweste­rn Iran, the Iranian news agency IRNA reported.

US President Donald Trump’s decision in May to pull the United States out of a 2015 deal requires most companies to complete ongoing business with Iran before US sanctions are reimposed after a wind-down period which expires on Aug 6.

ATR — co-owned by Airbus SE and Italy’s Leonardo SpA — has been pressing US authoritie­s to allow it to deliver aircraft it built for Iran.

After the signing of the accord to reopen trade links in return for Tehran curbing its nuclear activities, IranAir ordered a total of 200 aircraft from Western planemaker­s including 20 from ATR.

But few have been delivered and planemaker­s say they are unable to use the wind-down period because Washington has also revoked export licences needed by all Western planemaker­s due to their heavy use of US parts.

ATR — which had delivered eight airplanes to Iran under the deal and started building another 12 — has been lobbying the US Treasury to allow it to take advantage of the normal wind-down period for Iran business by giving it temporary new licences.

Asghar Fakhrieh-Kashan, an adviser to Iran’s transport minister, was quoted by the semi-official news agency ILNA as saying that Iran had paid for the five airplanes on Friday, a day before the airplanes left France.

“The delivery of these five aircraft is a sign of Europe’s commitment to the nuclear accord,” he told ILNA.

ATR declined to comment on Saturday. Industry sources said the final number of airplanes to be delivered would be known in coming days.

The US decision on Iran has raised question marks over whether ATR can reach a target of stabilisin­g annual deliveries at 80 aircraft in 2018.

ATR has said it will suffer financial damage if it cannot deliver the aircraft it has already produced following earlier US approvals, and is looking for alternativ­e buyers.

Airbus said last month it would not attempt to deliver any more airplanes to Iran in the wind-down period. It has delivered just three of 100 ordered by IranAir.

Boeing Co, which had sold 80 jets to IranAir under the 2015 nuclear deal, does not plan any deliveries. Unlike the European firms, it never placed the Iranian deal in its official order book on the grounds that it never received a deposit.

 ?? TASNIM NEWS AGENCY VIA AP ?? In this photo provided by Tasnim News Agency, IranAir’s new commercial aircraft are parked at Mehrabad airport in Tehran on Sunday.
TASNIM NEWS AGENCY VIA AP In this photo provided by Tasnim News Agency, IranAir’s new commercial aircraft are parked at Mehrabad airport in Tehran on Sunday.

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