Iran needs 550 passenger planes by 2025

Business Materials 22 June 2016 16:29 (UTC +04:00)

Baku, Azerbaijan, June 22

By Fatih Karimov – Trend:

Iran needs at least 551 new passenger planes till 2025 to renovate its ageing fleet, the country’s Minister of Roads and Urban Development Abbas Akhoundi said.

The Iranian airlines currently have a total of 266 aircrafts, meanwhile only 12 planes were made after 2000, Akhoundi said, Mehr news agency reported June 22.

Some 100 aircraft of Iran’s fleet are grounded, he said, adding 166 planes are up to 23 years old which should be retired within one year according to the international aviation standards.

He further touched upon the recent agreement with Boeing, saying the talks are underway following the initial agreement.

Iran’s flag carrier Iran Air announced June 21 that it has signed a memorandum of understanding (MOU) with Boeing to purchase new aircrafts.

Under the hire purchase MOU, the Iran Air will buy the new generation of the 737, 777-300ER and 777-900 models from the aircraft manufacturer, once both parties obtain the required licenses from the US and the Islamic Republic governments.

Earlier on June 19, Ali Abedzadeh, head of Iran's Civil Aviation Organization, said that Iran Air reached an agreement with Boeing for purchase of 100 aircraft.