You are here: Home » PTI Stories » National » News
Business Standard

Iran receives first batch of French-made passenger plane

AP  |  Tehran 

Iranian state media says four ATR 72 -600s are being delivered, the first installment of a deal with the French manufacturer to purchase 20 passenger planes following the lifting of sanctions under the 2015 nuclear deal.

The IRNA agency said the first plane landed in Tehran early today, with the other three expected later in the day. The planes were officially given to Air in a ceremony yesterday in Toulouse, where ATR is based.

Air finalised a deal last month with ATR for 20 twin-propeller aircraft, with an option to buy 20 more. The planes are worth USD 536 million at list prices, though customers usually negotiate discounts.

Since the nuclear deal, has signed billion-dollar deals with Boeing and Airbus to replace and upgrade its aging commercial fleet.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 17 2017. 17:02 IST