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IranAir finalises ATR deal

IranAir finalises ATR deal

2017 02 16

2017 02 16

IranAir has finalised a deal to buy 20 turboprop aircraft from Franco-Italian ATR, the minister overseeing Iran's post-sanctions fleet renewal was quoted on Wednesday as saying.

"Negotiations with ATR have reached the final stage; the two sides signed the contract to purchase 20 aircraft and now we are at the stage of exchanging documents," Roads and Urban Development Minister Abbas Akhoundi said, in remarks quoted by the Iranian Students News Agency.

Such a deal would be worth 540 million euros ($571 million)at list prices.

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