Iran eyeing big buys from Boeing, Airbus

Iran eyeing big buys from Boeing, Airbus
# 01 August 2015 18:47 (UTC +04:00)

“Iran will buy a total of 80-90 planes per year from the two aviation giants in the first phase of renovating its air fleet,” said Mohammad Khodakarami, the caretaker director of Iran’s Civil Aviation Organization (CAO).

Khodakarami said the final text what Iran and the P5+1 agreed on at the end of the recent marathon talks in Vienna over the Iranian nuclear energy program the bans on selling and leasing planes as well as the provision of engines and parts to Iran will be lifted.

“Based on this, the CAO has put the renovation of the country’s air fleet on its agenda,” he said. “To the same effect, we will purchase planes from Boeing and Airbus in equal numbers.”

Khodakarami further emphasized that Iran needs to add at least 80 new planes to its fleet each year so that the number of planes would increase to a total of 300 within five years.

The official further emphasized that Iran will provide the required budget for purchasing new planes through a variety of mechanisms including leasing, foreign loans, state funds, etc.

Officials have previously announced that Iran would need 400-500 civilian aircraft worth at least $20 billion in the next decade to renovate its aging fleet.

Boeing and Airbus have already indicated intention to start selling planes to Tehran.

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