Mitsubishi stops talks with Iran on aircraft deal

Business Materials 12 June 2017 11:10 (UTC +04:00)

Baku, Azerbaijan, June 12

By Fatih Karimov – Trend:

Japan’s Mitsubishi has stopped negotiations with Iran for passenger plane deal, Seyyed Amirreza Mostafavi, a spokesman for Iran’s Aseman airline company, said.

Mitsubishi's representatives halted talks with Iran's Aseman company on aircraft construction and purchase order without any explanation, Mostafavi said, Mehr news agency reported.

Iran was keen to purchase passenger planes from the Japan aircraft manufacturer, he said, adding it was the Japan side that suspended all interactions with Aseman.

Iran’s Aseman airline company was negotiating with the Japan firm to buy 20 MRJ (Mitsubishi Regional Jet) aircrafts last year.

The MRJ is a twin-engine regional jet aircraft capable of carrying 70–90 passengers. It was earlier announced that Iran is willing to buy 25 short-haul airplane at a value up to $500,000 from Japan’s Mitsubishi Aircraft Organization and use them for domestic routes.

Mitsubishi Aircraft – the aviation arm of Mitsubishi Heavy Industries - began market surveys into Iran in September 2015, four months before sanctions were lifted on the Islamic Republic.