Iran to purchase 118 Airbus planes & set up joint venture with PSA Peugeot Citroen

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https://www.rt.com/business/330513-iran-deal-airbus-peugeot/

Iran will buy 73 long-haul and 45 medium-haul Airbus passenger planes and set up a joint venture with French car-maker Peugeot Citroen. Both deals are part of a total of 20 agreements signed after a meeting between the presidents of Iran and France.

The French presidency estimates the total value of the signed deals is €30 billion ($32.8 billion). The accord with Airbus alone is worth €22 billion ($25 billion), according to AFP.

It covers the acquisition of 118 new airliners, 73 of them wide-bodied, including 12 A380 superjumbos, and 45 single aisle planes. The agreement also includes Airbus providing pilot and maintenance training as well as support services “to help the entry into service and efficient operations of these new aircraft.”

Another deal between Iran and Airbus envisages “comprehensive co-operation” inmodernization of the Iranian civil aviation sector, including the development of “air navigation services (ATM), airport and aircraft operations, regulatory harmonization, technical and academic training, maintenance, repair and industrial cooperation.”

“Today’s announcement is the start of re-establishing our civil aviation sector into the envy of the region and along with partners like Airbus we’ll ensure the highest world standards,” Farhad Parvaresh, Iran Air Chairman and CEO, said in commenting on the deals with Airbus.

“The skies have cleared for Iran’s flying public and Airbus is proud to welcome Iran’s commercial aviation back into the international civil aviation community. Today is a significant step in the overhaul and modernization of Iran’s commercial aviation sector and Airbus stands ready to play its role in supporting it,” Fabrice Bregier, Airbus President and CEO, said, according to the company’s press release.

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the lifting of sanctions in iran is giving us a great insight into how the global game is played..and arent the french happy to be a player?..120 aeroplanes is a nice start eh?

“The French presidency estimates the total value of the signed deals is €30 billion ($32.8 billion). The accord with Airbus alone is worth €22 billion ($25 billion), according to AFP.”

401

~ by seeker401 on January 31, 2016.

One Response to “Iran to purchase 118 Airbus planes & set up joint venture with PSA Peugeot Citroen”

  1. That smartly-crafted nuke deal Kerry, BHO cut with Iran…. real clever move. Clearly paying the US huge dividends.

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