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Friday 25 September 2020
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Airbus signs $25bn deal to sell 118 planes to Iran

Airbus signs $25bn deal to sell 118 planes to Iran

Iran has signed a deal to buy 118 Airbus planes worth $25bn (€22bn; £17.4bn) at list prices in one of the biggest deals signed since Western sanctions against Tehran were lifted. The agreement was signed during a visit by Iranian President Hassan Rouhani to France.

The order included 73 wide body and 45 narrow body jets, including 12 A380 superjumbos. Iran’s decision to buy the A380 is a significant boost for Airbus. The company has struggled to convince airlines to order the world’s biggest passenger aircraft in the past two years. Airbus only broke even on the A380 programme last year, a decade after it first took to the air.

The huge deal will depend on Airbus winning US export licences because more than 10% of the parts for the planes are made in the United States. It also covers the training of pilots, airport operations and air traffic management support, the company said. The UK stands to benefit from the order as wings for Airbus planes such as the A320 are made in Broughton, north Wales. (BBC News, 2016)


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