Airbus-led JV seals Iran airline order

|About: Airbus SE (EADSF)|By:, SA News Editor

The joint venture of Airbus (OTCPK:EADSF, OTCPK:EADSY) and Leonardo (OTCPK:FINMF) says Iran Air signed a firm order for 20 ATR 72-600 regional planes and has agreed to options for 20 more, in a deal valued at as much as $1B.

ATR says it has all the necessary licenses to start shipping its 70-seat turboprop planes, which typically are used on shorter routes.

The JV says deliveries could begin "within weeks" and be completed next year.