One A320 for Free!

EghtesadOnline: As part of the discount Iran received from Airbus in its order for 100 planes, an A320 comes free.

News ID: ۷۷۷۸۲۲

22 July 2017

This was announced by deputy minister of roads and urban development, Asghar Fakhrieh-Kashan, in a Sunday ceremony to mark the end of the eight-year tenure of Farhad Parvaresh as the CEO of the flag carrier Iran Air. Airlines usually get discounts from plane manufacturers on huge orders. The Iran Air-Airbus deal is worth $18-20 billion based on list prices, but Parvaresh has been quoted as saying that the value of the contract would not exceed $10 billion considering the number of orders placed and the current market conditions. So far, the Iranian flag carrier has received three out of the 100 orders placed with the European planemaker (1 A321 and 2 A330). Farzaneh Sharafbafi, the first Iranian woman to receive a PhD in aerospace, was recently appointed the new chief executive of Iran Air, according to Financial Tribune.