FRANCHISE HERALD
Thursday October 1, 2020

updated - October 1, 2020 Thursday EDT

Iran to Buy 80-90 Boeing, Airbus Planes a Year After Sanctions Lift, Part of Renovating Its Air Fleet

Aug 03, 2015 01:51 PM EDT | By Jean-Claude Arnobit
Tags
Iran, Boeing, Airbus, Nuclear deal
Close
Iran to Buy 80-90 Boeing, Airbus Planes a Year After Sanctions Lift, Part of Renovating Its Air Fleet
(Photo : Christopher Furlong | Getty Images News)

Iranian officials have announced that they plan on buying a number of planes from Boeing and Airbus as part of their program to renovate their air fleet, once Western sanctions are lifted, according to a report from Press TV.

Mohammad Khodakarami, the caretaker director of Iran's Civil Aviation Organization, was quoted as saying, "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," according to a report from Press TV.

Press TV added that the statement follows officials' previous announcement that they will need 400 to 500 civilian aircraft in the next decade to renovate their aging fleet. The purchase is said to amount to at least $20 billion.

The purchase of the new fleet will commence once Western sanctions are lifted following the nuclear deal.

Reuters adds that the banking and trade sanctions will possibly be lifted later this year, following the nuclear deal between Tehran and world powers last month.

Once sanctions are lifted, Tehran will be able to renovate its 23-year-old air fleet, whose age is almost twice the international average.

Khodakarami said to the Press TV that the Civil Aviation Organization has put the country's air fleet renovation on the agenda, once the prospect of the sanctions being lifted was made.

"We will purchase planes from Boeing and Airbus in equal numbers," he said.

He also added that they plan to purchase at least 80 new planes a year so that they'll reach 300 new planes in five years, according to a report from Press TV.

The required budget for the purchase of new planes will be met through a variety of mechanisms, which include lending, foreign loans, state funds, etc., the official stressed to Press TV.

The report also added that Boeing and Airbus have already indicated their intention to sell new planes to Tehran. 

Get the Most Popular Franchiseherald Stories in a Weekly Newsletter
© 2015 Franchise Herald. All rights reserved.
>>>>>>> 10460c7d066ded6bd40ea293096592303635a9b7 <<<<<<< HEAD ======= >>>>>>> 10460c7d066ded6bd40ea293096592303635a9b7
<<<<<<< HEAD ======= >>>>>>> 10460c7d066ded6bd40ea293096592303635a9b7

Connect With Franchise News

Email Newsletter

TOP 10 FRANCHISES OF 2020

  • RANK
    FRANCHISE NAME
    STARUP COSTS
  • 1nc
    Hampton Hotels
    $3.7M - 13.52M
  • 2nc
    Subway
    $85.2K - 260.35K
  • 3up
    Jiffy Lube Int'l. Inc.
    $196.5K - 304K
  • 4down
    7-Eleven Inc.
    $30.8K - 1.64M
  • 5up
    Supercuts
    $103.55K - 196.5K
  • 6up
    Anytime Fitness
    $56.3K - 353.9K
  • 7down
    Servpro
    $133.05K - 181.45K
  • 8down
    Denny's Inc.
    $1.18M - 2.4M
  • 9down
    McDonald's
    $1M - 2.16M
  • 10down
    Pizza Hut Inc.
    $295K - 2.15M
Real Time Analytics