Iran orders 50 planes from Brazil’s Embraer

Iran has ordered 50 planes from Embraer in its latest move to modernise its ageing fleet, a govt spokesman said Tuesday. Like other orders since the lifting of sanctions Jan 16 under a nuclear deal with world powers, it will be a hire purchase contract, a spokesman said. “The govt is not going to spend its limited resources on things like buying planes,” he said. Iran has already announced orders for up to 40 planes from ATR, and a contract for the purchase of 118 Airbus aircraft, to be delivered over the next 4 years The Airbus deal — for 73 long-haul and 45 medium-haul aircraft — is worth US$10b to $11b, Asghar Fakhrieh Kashan, a deputy transport minister said. It too is a hire purchase deal, the govt spokesman said. It includes orders for 15 long-haul A350 aircraft. <br/>
AFP
http://gulfnews.com/business/aviation/iran-orders-50-planes-from-brazil-s-embraer-1.1678242
2/23/16