Iran News ...


07/05/18

Aircraft Manufacturer ATR Distances Itself From Iran

Source: Radio Farda

Iran's aviation industry has received another severe blow. Following the footsteps of Boeing and Airbus, ATR also announced last week that it has decided to distance itself from Tehran. The decision was announced at a time that ATR had prepared several planes for delivery to Tehran, and even painted them exclusively for the Islamic Republic's national airline, Iran Air.

Under the shadow of the new US sanctions imposed on Tehran, all international plane manufacturers that use at least 10% US made parts in their products have decided to completely avoid the Iranian market.

According to the international aviation analysts, even if the US made parts could be replaced, the manufacturers still prefer to keep away from Tehran and avoid facing the risk of being punished by Washington.

Iran, described as a "goldmine for commercial aircraft manufacturers" immediately after inking Joint Comprehensive Plan of Action (JCPOA) or Tehran's nuclear deal with world powers in 2015, has currently lost all its attraction for giant commercial aircraft companies across the world.

Iranian companies had earlier signed MoUs with European plane manufacturer Airbus, Franco-Italian ATR and US Boeing to buy aircraft worth more than $40 billion. Had President Donald Trump not decided to drop JCPOA and reimpose US sanctions on Tehran, the figure could have risen to $50 billion, analysts said.

Last week, ATR admitted that it must give up delivering the remaining aircraft ordered by Iran because of new US sanctions and that it will try to reclassify twelve aircraft if it does not obtain a waiver.

"In 2018, our delivery target could be impacted given the Iranian context," ATR CEO Christian Scherer said in an interview published on French website, LaTribune.fr.

Iran Air, the national flag carrier, signed a contract to buy twenty planes from Franco-Italian turboprop manufacturer ATR in April 2017. The deal came after Iran signed contracts with Europe's Airbus and US rival Boeing to purchase about 180 jets.

"Of the 80 planes we expected to deliver in 2018, there were 12 for Iran, that's a lot," said Scherer whose company is jointly owned by France-based Airbus and Leonardo of Italy.

... Payvand News - 07/05/18 ... --



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