Iran Confirms Acquiring Boeing Planes at Half the Price

Company - Pavan Pandey - Dec 27,2016

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iran confirms acquiring boeing planes at half the price

The Transport Authority of Iran quoted that the country has paid half the price for the $16.6 billion deal to purchase 80 US-made airliners from Boeing.

Iran’s Deputy Transport Minister said that the country has negotiated to pay only 50 percent of the amount in a deal with Boeing Aircraft Manufacturing Company for 50 737 airplanes and 30 777s jets. The US aircraft designer and manufacturer Boeing Co. has made no immediate comment.

According to the official news agency of Iran, Islamic Republic News Agency (IRNA), the Deputy Transport Minister, Mr. Asghar Fakhrieh Kashan stated that despite of an initial deal of $16.6 billion with Boeing to buy 80 passenger airplanes, “Regarding the style of our order and its options, the buying deal for 80 Boeing airliner is worth around 50 percent of the amount.” However, Mr. Kashan did not elaborate the actual amount.

Iran Air, the airline of the Islamic Republic of Iran, secured a deal with France’s Airbus for 100 airplanes covering a value between $18 and $20 billion. The Iranian flag carrier airline’s head Mr. Farhad Pavaresh stated, it had negotiated the value down to no more than $10 billion, partly because they dropped an order of Airbus’s superjumbo A380s aircraft.

Mr. Kashan said that the country is also planning on buying more airplanes from a French-Italian aircraft manufacturer, ATR Co., doubling the already 20 aircrafts which were agreed upon. Mr. Asghar Fakhrieh Kashan further added that the purchase of 20 aircraft has been finalized and the country may buy 20 more aircraft and the original deal was worth less than $500 million.

The Representative from ATR (Avions de Transport Regional) were supposed to visit Tehran to finalize the deal and talks. 
The oldest airline in the Middle East, Iran Air’s fleet is among the outdated, unsafe and most dangerous in the world.