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Economics & Business News

France's ATR to sell 40 turboprop planes to Iran

As reported by thelocal, Iran expects to finalise within days a deal to buy up to 40 planes from ATR, the European manufacturer of turboprop aircraft, a deputy transport minister said Saturday.

"We discussed the deals in Italy and France and ATR officials are expected in Tehran in the coming days to complete the agreement," Asghar Fakhrieh Kashan said.

"There will be 20 firm and 20 optional orders," he added, without specifying the value of the contract.

ATR is co-owned by European aircraft manufacturer Airbus and Italian aerospace group Finmeccanica.

This week, during President Hassan Rouhani's trip to Italy and France, Iran signed a contract for the purchase of 118 Airbus aircraft, to be delivered in the next four years.

Quoted by Iranian media, Kashan said the Airbus deal was worth $10 to $11 billion, while the previously mentioned amount was $25 billion.

France's ATR to sell 40 turboprop planes to Iran