The One Billion Euro Deal Marks The Arrival Of The Newest Generation ATR Aircraft In Iran

Turboprop manufacturer ATR and Iran’s national flag carrier Iran Air have signed a deal  in Tehran for the introduction of 40 newest generation ATR 72-600s. The agreement includes firm orders for 20 aircraft plus 20 options, and is valued at one billion euro (approx $1.09 billion).

The signature of the deal follows the commercial discussions held in the last days in Rome and Paris, on the occasion of the visit of the President of Iran, H.E. Mr. Hassan Rohani, and the Minister of Transportation of Iran, Mr. Abbas Ahmad Akhoundi.

During the negotiations, the Italian and French states played an important role to achieve the signing of this deal, through the participation of their export credit agencies, respectively Sace and Coface.

The deal marks the arrival of the newest generation ATRs in Iran, where the first aircraft have been operating since 1992. This freshly open market provides a strong potential for the development and expansion of domestic traffic and routes.

“We are honored to take part in this new era in Iran by providing the national airline with aircraft that will strongly contribute to reinforce and boost regional transportation across the country," said Patrick de Castelbajac, Chief Executive Officer of ATR.

(Image provided with ATR news release. (L-R) Mr. Farhad Parvaresh, Chairman and member of the Board of Iran Air; Mr. Patrick de Castelbajac, Chief Executive Officer of ATR.)

FMI: www.atraircraft.com