ECONOMY

IranAir confirms cutting Airbus order, dropping A380s

Airbus 320 aircraft taking off in Toulouse, southern France. (Courtesy: Airbus)

IranAir has trimmed its planned order from Europe’s Airbus to 100 planes, partly by dropping superjumbo A380s, the flag carrier’s head said on Sunday, confirming an adjustment first reported by Reuters.

“Although the nominal value of the contract for 118 Airbus planes had been announced at $25 billion, the A380 planes have been dropped from this contract, so the value of our Airbus contract will not be more than $10 billion,” said Farhad Parvaresh, quoted by the state news agency IRNA.

In June, Reuters reported that doubts were growing about Iran’s planned purchase of 12 A380 planes as part of its proposed Airbus order.

In September, an Iranian official told Reuters that Iran had reduced the number of airplanes it planned to buy from Airbus by a further six amid delays in US regulatory approvals.

Separately, Iran’s transport minister was quoted as saying on Sunday that Tehran expected the Airbus deal to be signed within days.

“We expect the final contract to be signed this (coming) week,” Abbas Akhoundi said, quoted by IRNA.

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Last Update: Sunday, 18 December 2016 KSA 22:38 - GMT 19:38
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Value of our contract will not be more than $10 billion, says the airline chief
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