IFP Exclusive

Iran May Use Russia’s Sukhoi to Modernise Its Air Fleet

The chairwoman and CEO of Iran’s flagship carrier Iran Air says the company will negotiate with any supplier, including the Russian Sukhoi, that can sell aircraft and plane parts to Iran without an OFAC licence.

Fazaneh Sharafbafi said Iran Air has a strategic plan for the next three years in the face of the US sanctions on Iran’s aviation industry, and welcomes any party that can fulfil its needs.

She noted that negotiations have been held to buy the Sukhoi Superjet 100, or planes produced by other non-European countries.

“If these companies can sell aircraft without the need to obtain a licence from the Office of Foreign Assets Control (OFAC) and be willing to negotiate, we will consider purchasing aircraft from them.”

The US withdrawal from a nuclear accord with Iran slammed shut what had been a brief opening for historic aircraft sales by Boeing and Airbus to the Islamic Republic.

In 2016, the two companies signed deals worth a combined $39 billion with various Iranian airlines to help upgrade the country’s aging fleet.

Airbus signed a $19 billion deal with Iran Air for 100 planes in late 2016. However, with Donald Trump’s unilateral decision the European company is now banned from doing business with Iran.

On the other hand, Boeing also missed out on a considerable opportunity. Boeing had signed two deals with Iranian carriers, a $17 billion contract with Iran Air and another $3 billion deal with Aseman Airlines.

With the new round of US sanctions on Iran, to take effect on November 5, all these plane manufacturers will be banned from doing business with Iran, putting millions of lives in danger given the country’s old fleet.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Trump says Putin wants to meet him

US President-elect Donald Trump has claimed that Russian President Vladimir Putin wants to hold a…

4 hours ago

Israel tells Syria its soldiers to remain in occupied territory: Report

Israel has reportedly informed Syria’s new administration that its soldiers will remain stationed in the…

5 hours ago

Advisor to Iran leader: Tehran ready for talks, but won’t give in to pressure over nuclear issue

Kamal Kharrazi, the head of Iran's Strategic Council on Foreign Relations and an advisor to…

12 hours ago

President Pezeshkian says Tehran committed to complete North-South transit corridor

Iran's President Massoud Pezeshkian has reaffirmed the Iranian government's commitment to completing the North-South transit…

12 hours ago

Art event brings diplomats, artists and ordinary citizens together inside Iranian Foreign Ministry

An artistic event titled Autumn-Leaf was held in Meydan Mashgh, within Iran’s Foreign Ministry’s premises…

15 hours ago

North Korea preparing to ship more forces, drones to Russia: S. Korea

North Korea is preparing to deploy additional troops, weapons and other military equipment, including drones,…

15 hours ago