AIRLINK 74.85 Increased By ▲ 0.56 (0.75%)
BOP 4.98 Increased By ▲ 0.03 (0.61%)
CNERGY 4.49 Increased By ▲ 0.12 (2.75%)
DFML 40.00 Increased By ▲ 1.20 (3.09%)
DGKC 86.35 Increased By ▲ 1.53 (1.8%)
FCCL 21.36 Increased By ▲ 0.15 (0.71%)
FFBL 33.85 Decreased By ▼ -0.27 (-0.79%)
FFL 9.72 Increased By ▲ 0.02 (0.21%)
GGL 10.45 Increased By ▲ 0.03 (0.29%)
HBL 112.74 Decreased By ▼ -0.26 (-0.23%)
HUBC 137.44 Increased By ▲ 1.24 (0.91%)
HUMNL 11.42 Decreased By ▼ -0.48 (-4.03%)
KEL 5.28 Increased By ▲ 0.57 (12.1%)
KOSM 4.63 Increased By ▲ 0.19 (4.28%)
MLCF 37.80 Increased By ▲ 0.15 (0.4%)
OGDC 139.50 Increased By ▲ 3.30 (2.42%)
PAEL 25.61 Increased By ▲ 0.51 (2.03%)
PIAA 20.68 Increased By ▲ 1.44 (7.48%)
PIBTL 6.80 Increased By ▲ 0.09 (1.34%)
PPL 122.20 Increased By ▲ 0.10 (0.08%)
PRL 26.58 Decreased By ▼ -0.07 (-0.26%)
PTC 14.05 Increased By ▲ 0.12 (0.86%)
SEARL 58.98 Increased By ▲ 1.76 (3.08%)
SNGP 68.95 Increased By ▲ 1.35 (2%)
SSGC 10.30 Increased By ▲ 0.05 (0.49%)
TELE 8.38 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.06 Decreased By ▼ -0.07 (-0.63%)
TRG 64.19 Increased By ▲ 1.38 (2.2%)
UNITY 26.55 Increased By ▲ 0.05 (0.19%)
WTL 1.45 Increased By ▲ 0.10 (7.41%)
BR100 7,841 Increased By 30.9 (0.4%)
BR30 25,465 Increased By 315.4 (1.25%)
KSE100 75,114 Increased By 157.8 (0.21%)
KSE30 24,114 Increased By 30.8 (0.13%)

imageTEHRAN: Iran has ordered 50 planes from Brazil's Embraer, the world's third biggest commercial aircraft manufacturer, in its latest move to modernise its ageing fleet, the government spokesman said on Tuesday.

Like other orders since the lifting of sanctions on January 16 under a nuclear deal with world powers, it will be a hire purchase contract, spokesman Mohammad Bagher Nobakht said.

"The government is not going to spend its limited resources on things like buying planes," the judiciary's Mizan news service quoted him as saying.

Iran has already announced orders for up to 40 planes from ATR, the European manufacturer of turboprop aircraft, and a contract for the purchase of 118 Airbus aircraft, to be delivered over the next four years.

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

The Airbus deal -- for 73 long-haul and 45 medium-haul aircraft -- is worth $10 to $11 billion, Asghar Fakhrieh Kashan, a deputy transport minister said.

It too is a hire purchase deal, the government spokesman said.

It includes orders for 15 long-haul A350 aircraft.

About 80 to 85 percent of the financing will come from Airbus and European banks, Iran Air's CEO Farhad Parvaresh told reporters.

"We are not going to inject any special domestic rial funds for the purchase of these planes," the official IRNA news agency quoted him as saying on Saturday.

An Airbus A350 XWB returning to France from the Singapore Airshow landed briefly at Tehran's Mehrabad Airport on Saturday so Iran Air technicians could inspect it up close, IRNA reported.

Before sanctions were lifted, Iran's aviation industry had been subject to a US embargo since 1995 that prevented Western manufacturers from selling it equipment or spare parts.

The embargo hindered maintainance operations and grounded part of Iran's ageing fleet -- which currently comprises 140 working aircraft, with an average age of about 20 years.

Iran needs 400 to 500 aircraft over the next decade to modernise its fleet, the head of the Iranian Civil Aviation Authority has said.

Copyright AFP (Agence France-Presse), 2016

Comments

Comments are closed.