Don't miss

Replay


LATEST SHOWS

YOU ARE HERE

Backstage at the Moulin Rouge

Read more

REVISITED

Video: Hero or dictator? Ugandans divided over Idi Amin Dada’s legacy

Read more

PERSPECTIVE

Sobel Aziz Ngom: Mentoring the next generation of African leaders and entrepreneurs

Read more

EYE ON AFRICA

Uganda's Bobi Wine returns home

Read more

MEDIAWATCH

Brexit plan panned by EU leaders

Read more

BUSINESS DAILY

Europe's biggest port gears up for Brexit

Read more

THE DEBATE

EU's mounting challenges: European unity faces test over migration

Read more

ENCORE!

Writers Lauren Groff and Michael Chabon on Trump, marriage and being a parent in 2018

Read more

INSIDE THE AMERICAS

US Supreme Court: Brett Kavanaugh's confirmation in turmoil

Read more

Business

Iran to purchase 100 Airbus jets in 'landmark' deal

© AFP archive | File photo of an Airbus A320 passenger jet.

Text by FRANCE 24

Latest update : 2016-12-22

Airbus confirmed Thursday that it had struck a deal with Iran Air to sell 100 aircraft, including 46 A320 passenger planes, 38 A330 models and 16 A350 XWB aircraft.

"This is a landmark agreement not only because it paves the way for Iran Air's fleet renewal," said Fabrice Brégier, Airbus president and chief executive officer, in a statement.

Iran Air hailed the agreement as a step towards renewed international cooperation.

"Iran Air considers this agreement an important step towards a stronger international presence in civil aviation. We hope this success signals to the world that the commercial goals of Iran and its counterparts are better achieved with international cooperation and collaboration,” said Farhad Parvaresh, Iran Air chairman and CEO.

US Office of Foreign Assets Control export licences, which are required for products containing 10 percent or more of US technology, were granted in September and November to allow the deal to go ahead.

Earlier this month, Iran Air said it signed a deal to buy 80 passenger planes from US aircraft maker Boeing, state news agency IRNA reported, in the biggest US-Iran deal since the 1979 Islamic revolution.

(FRANCE 24 with REUTERS)

Date created : 2016-12-22

  • UK

    UK launches corruption investigation into Airbus

    Read more

  • FRANCE - POLAND

    French fury as Poland ditches billion euro Airbus helicopter deal

    Read more

  • IRAN - USA

    IranAir to buy 80 Boeing planes in biggest US deal since Islamic revolution

    Read more

COMMENT(S)