💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Iran Air takes delivery of its first four ATR 72-600s planes

Published 05/16/2017, 06:56 AM
Updated 05/16/2017, 07:00 AM
© Reuters. The logo of IranAir is pictured as the company IranAir takes delivery of the first new Western jet under an international sanctions deal in Colomiers
AIR
-
LDOF
-

PARIS (Reuters) - Iran Air has received the delivery of its first four ATR 72-600s planes, ATR said on Tuesday, in a deal which forms part of plans to rebuild the airline's fleet after nuclear-related sanctions against Iran were lifted last year.

Earlier this year, ATR and Iran Air had signed a firm contract for 20 ATR 72-600s and options for a further 20 planes. Deliveries of the 20 firm aircraft be completed by the end of 2018.

ATR is a joint venture between Airbus (PA:AIR) and Italian company Leonardo (MI:LDOF).

© Reuters. The logo of IranAir is pictured as the company IranAir takes delivery of the first new Western jet under an international sanctions deal in Colomiers

"As Iran's traveling public gains access to increased supply of air transportation, it will benefit from the highest standards of comfort, efficiency and reliability with the ATR´s we are delivering today and over the coming months," ATR Chief Executive Christian Scherer said in a statement.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.