Baku, December 19, AZERTAC
The Iranian flag carrier, Iran Air, says it has finalized a much-awaited contract with the European aviation giant Airbus to purchase 100 aircrafts, according to Iranian television network Press TV.
Iran Air will receive seven or eight planes from Airbus in 2017, Farhad Parvaresh, the managing director of the airline told reporters.
He said a delegation of Airbus representatives have been in Tehran since last week to sign the important deal on the purchase of 100 planes after closely examining all aspects of the agreement.
Despite earlier reports that the nominal value of the agreement for the purchase of 118 Airbus planes initially stood at around 25 billion dollars, he added, the agreement would not be worth more than 10 billion dollars considering the fact that A380s have been dropped from the contract.