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19-Sep-2016 12:29 PM

Iran intends to conclude firm orders with Airbus, ATR and Boeing during 2016, depends on OFAC

Iran Air director general of fleet planning Hossein Mansourian Nahvi, at the CAPA Iran Aviation Finance Summit, confirmed (18-Sep-2016) that Iran intends to conclude its firm order agreements with Airbus, ATR and Boeing during 2016 but "all depends on the OFAC [US Treasury Department's Office of Foreign Assets Control] agreements". As an interim solution, Iran is considering ACMI leasing, sourced via financial leases. Iran Air would consider both new aircraft and used aircraft of five to seven years old from the secondary market. The carrier’s initial agreements with manufacturers have delivery timelines between 2016 and 2024.

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