ATR seals US $1bn Iran deal

Turboprop manufacturer ATR and Iran’s national flag carrier Iran Air have signed a deal for the introduction of 40 newest generation ATR 72-600s. Iran Air

The agreement includes firm orders for 20 aircraft plus 20 options, and is valued at US $1 bn.

The deal concluded discussions held in the last few days in Rome and Paris, which included the visit of the President of Iran, H.E. Hassan Rohani, and the Minister of Transportation of Iran, Abbas Ahmad Akhoundi.

Patrick de Castelbajac, chief executive officer of ATR said it was an honour 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”.

“We are pleased to offer to the passengers of Iran Air the highest standards of comfort and reliability, as well as the outstanding operational flexibility of the ATR 72-600s,” he added.

During the negotiations, the Italian and French states reportedly 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 potential for the development and expansion of domestic traffic and routes.

The ATR aircraft has recently been on of the bestselling below-90-seats regional aircraft worldwide.

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