TEHRAN – Representatives of the turboprop maker ATR will travel to Iran today to negotiate terms of a deal for the sale of at least 20 aircrafts, and in case of reaching final agreement, sign a contract, IRNA reported on Saturday.

According to Deputy Transport Minister Asghar Fakhrieh Kashan, the initial agreement has been signed between ATR and Iranian flag carrier Iran Air and provided that the two sides reach an agreement on motor spare parts supply, the final contract will be signed.
The official estimated the value of the mentioned contract at about $400 million and said Iran is expected to receive four of the new aircrafts from the Turboprop maker by the end of the current Iranian calendar year (March 20, 2017).

EF/MA