Five new ATR jets delivered to Iran from France ahead of US sanctions

Five new ATR jets delivered to Iran from France ahead of US sanctions
An Iran Air ATR72-600 seen at Abu Musa Island airport in the Persian Gulf. / IranAir.
By bne IntelliNews August 5, 2018

Five new ATR turboprop aircraft arrived at Tehran’s Mehrabad Airport on August 5 enabling flag carrier IranAir to take delivery of the aircraft a day before the first snapback of US sanctions reimposed on Iran.

French-Italian short haul plane maker ATR has thus managed to construct and deliver 13 of an order for 20 aircraft in advance of the return of sanctions. The remainder of the initial order for planes and a second order from the Iranians for 20 planes may not go forward unless Washington, attempting to strangle Iran’s economy to achieve a renegotiation of the country’s role in Middle East affairs, grants waivers.

The importance of the deliveries from ATR—co-owned by Airbus and Italy’s Leonardo—is shown by the fact that several regional airports have gradually been reopened thanks to the expansion of the fleet size at IranAir.

In the wake of the signing of the late 2015 nuclear deal by Iran and six major powers including the US, IranAir ordered a total of 200 aircraft from Western planemakers including the initial 20 from ATR. But few have been delivered. Boeing, which had conditionally sold 80 jets to IranAir, does not plan any deliveries, given the US’s unilateral withdrawal from the nuclear accord in early May. Unlike the European firms, it never placed the Iranian deal in its official order book on the grounds that it never received a deposit.

In July, the US warned Airbus and ATR that aircraft manufacturers that work with Iran will be exposed to secondary sanctions.

US Treasury Department Assistant Secretary for Terrorist Financing, Marshall Billingslea said the Trump administration was unlikely to approve a request by ATR to sell more turboprops to IranAir, some of which already bear the national airline’s livery at the French plant in Toulouse where they are being constructed.

IranAir’s CEO Farzaneh Sharafbafi has remarked that she fears Iranian airlines flying to foreign airports will soon have to deliver cash in suitcases to obtain enough fuel with US sanctions pushing the Islamic Republic’s companies out of the world financial system.

Related Articles

Iran leads world oil production growth with 13% increase

Iran topped global crude oil production growth in 2024, increasing output by 374,000 barrels per day (bpd) to achieve a 13% rise, according to OPEC's latest statistical bulletin. The Islamic ... more

US Treasury targets Iran's "shadow banking" network with new sanctions

The US Treasury Department designated 21 entities linked to Iran's Islamic Revolutionary Guard Corps-Qods Force as part of efforts to disrupt the country's "shadow banking" network, whilst removing ... more

Iran Securities and Exchange Organisation increases leveraged fund fluctuation range

The head of Iran's Securities and Exchange Organisation's Investment Fund Supervision Centre said fluctuation ranges for leveraged funds have been increased from 3% to 4% to accelerate their ... more

Dismiss