Iran Air has placed an order for 118 aircraft with Airbus worth $25bn at list prices following the lifting of Western sanctions against Tehran.
Announced in France on Thursday (January 28), the deal is comprised of 45 narrowbodies and 73 widebodies, which includes an order for 12 A380 aircraft. The agreement also includes pilot and maintenance training and support services to help the new aircraft enter into service.
Farhad Parvaresh, CEO of state-owned Iran Air, said the announcement was “the start of re-establishing Iran’s civil aviation sector into the envy of the region.”
The order is part of Iran’s long-term strategy to modernise its fleet of around 140 aircraft, which have an average age of 20 years.