ECONOMY

Iran finalizes deal for seven Airbus planes

A delegation from Airbus was in Tehran on Monday for talks to finalize a deal to sell around 100 planes, Iranian media reported. (Reuters)

Iran has finalized a deal with European planemaker Airbus for seven aircraft, Labour Minister Ali Rabii was quoted as saying by the Iranian Students' News Agency (ISNA) on Thursday.

"The deal has been finalized with Airbus to buy seven planes. The delivery of the planes will start in May," Rabii said.

A delegation from Airbus was in Tehran on Monday for talks to finalize a deal to sell around 100 planes, Iranian media
reported.

Since the lifting of international economic sanctions in January under a nuclear deal reached with six major powers, Iran has been trying to renew its aging fleet of aircraft.

An Iranian official told Reuters in November that flag carrier IranAir had reached a deal with a foreign leasing company to finance 17 jets from Airbus.

The head of IranAir said on Tuesday that Airbus had agreed to arrange financing for 17 planes, adding that IranAir was aiming to obtain the first five by March 2017.
 

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Last Update: Thursday, 15 December 2016 KSA 18:08 - GMT 15:08
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A delegation of US was in Tehran on Monday for talks
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