Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Latest News

Iran to purchase 114 Airbus planes from France this week

byCT Report
24/01/2016
in Latest News
Share on FacebookShare on Twitter

TEHRAN: Iran has announced to sign a contract this week to buy 114 Airbus planes from France during Iranian President Hassan Rouhani’s visit to Paris, Tehran’s transport minister said Sunday.

Abbas Akhoundi, quoted by Iranian media, said the deal “will be signed between Iran Air and Airbus” when Rouhani is in Paris on Wednesday on the final day of his first official European visit.

You might also like

Sindh CM Murad Ali Shah, China’s Hubei province eye stronger trade, tech ties

15/10/2026

SECP proposes national digital market to secure better prices for farmers

15/10/2026

Rouhani’s trip follows the implementation of a nuclear deal with world powers that curbs Tehran’s atomic activities in exchange for the lifting of punishing economic sanctions.

Iran desperately needs to modernise its ageing passenger plane fleet, which has only 150 operational planes out of more than 250, according to Akhoundi. “We have been negotiating for 10 months” for the purchase of planes but “there was no way to pay for them because of banking sanctions,” Iranian state media quoted Akhoundi as saying.

“We need 400 long- and mid-range and 100 short-range planes,” he added. The first batch of new planes will arrive in the country by March 21, he said.

Iran, with a population 79 million, has a good road network but still needs major transport upgrades, which Tehran hopes will aid tourism. Rouhani is to visit Italy and France on January 25-27 to boost Iran’s economic ties with Europe.

Iran currently has no deals in place with American manufacturer Boeing “because of problems with negotiating with the US,” according to Akhoundi.

State television said the US Treasury had not yet permitted Boeing to enter talks with Iran, “but we will definitely negotiate with this company too,” the minister added.

Apart from new planes, Iran’s airports also need $250 million worth of upgrades, he said. Only nine of Iran’s 67 airports are currently operational. The Islamic republic on Saturday signed a $2 billion contract with China to electrify the railway line linking Tehran with second city Mashhad, Akhoundi said.

Related Stories

Sindh CM Murad Ali Shah, China’s Hubei province eye stronger trade, tech ties

byCT Report
15/10/2026

WUHAN: Sindh Chief Minister Syed Murad Ali Shah met with senior officials of China’s Hubei province to expand cooperation in...

SECP proposes national digital market to secure better prices for farmers

byCT Report
15/10/2026

ISLAMABAD: The Chairman, Securities and Exchange Commission of Pakistan (SECP) Dr Kabir Ahmed Sidhu has proposed establishing a national agricultural...

Pakistan falls short of Sukuk target despite receiving Rs796b in bids

byCT Report
15/10/2026

KARACHI: The government raised Rs. 294.7 billion through a hybrid Sukuk auction at the Pakistan Stock Exchange (PSX). However, the...

Textile mills seek 50 MW of cheap electricity from Punjab govt

byCT Report
15/10/2026

KARACHI: The All Pakistan Textile Mills Association (APTMA) has expressed interest in purchasing 25 to 50 megawatts (MW) of electricity...

Next Post

Anti-encroachment drive: RCB confiscates 11 truckload goods

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.