Fluid Components International features on the official Iranian vendor website, “VList” – the ‘petroleum and energy vendor source search engine of I.R. Iran’
"Iranian Airports Holding Company (IAC) and the operator of Milan airports (SEA) made another couple of companies of two countries to sign an agreement. Iranian Car Gas System Company and Italy’s Danieli agreed to cooperate in the field of producing materials needed for car industry." (April 12, 2016).
Iran Airports Company has signed a multilateral memorandum of understanding with German companies for expansion of Iranian airports. The agreement was signed with Munich Airports, Frankfurt Airport and Dornier Consulting International GmbH, which is a consulting and project management company that operates in the field of aviation, among other sectors, IRNA reported. The MoU concerns airport operations management, airport development, navigation infrastructures and consultation regarding commercialization of the airports. (January 18, 2017)
Boschung maintains a presence in the Iranian market through its relationship with the Bahman Group, which distributes its products. According to the Bahman Group, it “established Pars Boschung Co., (owning 51% share) in a joint venture with the Swiss Boschung co. which is one of the most renowned companies in the production of equipment for road maintenance as well as urban and airport services.” (Bahman website, “Pars Boschung Co.”) Through its joint venture with the Bahman Group, Boschung distributes other foreign brands on the Iranian market, such AMCO VEBA cranes, Rexter 4x4 vehicles, and OMFB power packs. (Pars Boschung website, “Products.”)
Representatives of French firms were in Tehran for a three-day visit ending Wednesday to offer solutions in the fields of aerospace maintenance and airport infrastructure, and explore business opportunities in talks with major Iranian airlines, suppliers and MRO companies. The mission included representatives of firms active in maintenance, repair and operations, manufacture of parts and equipment, airport security, aeronautics and ground support equipment, namely Aerotech Pro, Dedienne Aerospace, Laselec, LOGYX, PGA Electronic, Reel, Techman Head and Toulouse Air Spares. The mission visited officials of Iran Air, Aseman Airlines, Civil Aviation Organization of Iran, Iranian Aviation and Space Association, and Payam Cargo Airport and Special Economic Zone. In a telephone interview with the Financial Tribune, Eric Le Devehat, sales manager at Techman-Head, said the aim of the visit was to “renew the relationship the company had with Iranian airlines before the sanctions”. (Financial Tribune, "French Aviation Firms Gauge Iran Opportunities," 12/10/2016).
"The world’s third largest aircraft manufacturer joined other planemakers in halting talks with the Islamic Republic but remains optimistic about its discussions with other prospective customers in the region for the latest version of its E-jet series, John Slattery, chief executive of Embraer, told The National. Last week it appointed a new executive in Dubai to strengthen its regional sales effort." (6/7/2018)
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"Iran’s ATA Air has received its first light passenger jet from Embraer, a Brazilian aerospace company." (December 17, 2017)
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"Iran’s ATA Airlines has reached an agreement with Brazilian planemaker Embraer to purchase 10 new passenger planes, the carrier confirmed over the telephone to the Financial Tribune." (May 15, 2017)
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"The OFAC team's briefing coincided with a visit to Brazil by an Iranian mission headed by Finance Minister Ali Tayebnia seeking to advance trade deals. Brazil's Embraer, the world's third largest maker of commercial planes, is in talks to sell Iran at least 20 of its E-195 jets worth over $1 billion as the Middle Eastern country moves to renew its aging airline fleets. Embraer still requires a U.S. license for the sale to Iran of sensitive jet engine technology in its planes... Brazilian bus maker Marcopolo SA is also looking to sell hundreds of vehicles to Iran. The company declined to comment." (Reuters, "U.S. Treasury reassures Brazil banks trade with Iran OK," 11/28/2016).
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"Brazilian companies such as Embraer SA and Marcopolo SA are scrambling to close multi billion-dollar deals to sell planes and buses to Iran, seeking to navigate remaining U.S. financial sanctions, senior officials have said. The plane-maker is in advanced negotiations to sell at least 20 E195 jets with a total list price of more than $1 billion, while the bus manufacturer is in talks to supply part of the 27,000 units Tehran is seeking, according to Mahdi Rounagh, a senior official at Iran's Foreign Ministry and until recently deputy ambassador in Brasilia. The problem is that Brazilian banks are reluctant to deal with Iran for fear of penalties by the U.S., even after Washington lifted restrictions on non-U.S. banks. Their concern is that their U.S. assets and subsidiaries could classify them as U.S. banks, according to two senior bank executives in Brasilia. Business and government officials say Brazil must try harder to find alternatives, such as using smaller European banks that don't operate in the U.S." (Bloomberg, "Embraer and Marcopolo Lead Brazil Struggle to Sell to Iran," 10/5/2016).
"Thank you for the important points you have highlighted in respect to doing business in Iran…thank you very much for sharing your expertise in this matter.”
"The civil aviation chief of Iran has said that the country intends to pursue legal action against both Airbus and ATR regarding their lack of parts supply." (Simple Flying, "Iran Eyes Legal Action Against Airbus And ATR Over Spare Parts Supply," (1/4/22).
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"Following the lifting of sanctions in January 2016, IranAir finalized contracts for purchasing 100 Airbus jets, 80 Boeing jets and 20+20 ATR [which is jointly owned by Airbus and Finmeccanica] aircraft. It has taken the delivery of 11 planes so far: one Airbus A321, two Airbus A330s and eight ATR 72-600s." (Financial Tribune, "50% of Iran’s Passenger Fleet Grounded by Technical Problems," 12/7/21).
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"Aerei da Trasporto Regionale, better known as Franco-Italian planemaker ATR, has been granted permission to supply parts to Iran by the US Office of Foreign Asset Control. This comes as positive news to Iran Air in particular; it operates a fleet of 13 ATR-72s." (Simple Flying, "ATR Receives Permission To Ship Parts To Iran," 8/14/2019).
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"Delivered five turboprop aircraft to IranAir on August 5, 2018; 13 of 20 aircrafts have been delivered." ("IranAir gets five more ATR regional planes before sanctions," Reuters, August 5, 2018.)
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"Has applied for new licenses from the United States to complete the delivery of turboprop aircraft to Iran; 8 of 20 aircraft have been delivered." ("ATR seeks U.S. approval to deliver planes to Iran before cut-off," Reuters, July 4, 2018.)
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"Regional aircraft manufacturer ATR says it must give up delivering the remaining aircraft ordered by Iran because of new US sanctions and that it will try to reclassify 12 aircraft if it does not obtain a waiver." (June 27, 2018).--
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European plane maker ATR is delivering small passenger jets to Iran, the latest big-budget deal to emerge in the wake of Iran’s 2015 nuclear accord with world powers that ended years of sanctions. The first four ATR 72-600s were handed over to Iran Air in a ceremony Tuesday in Toulouse in southern France, where ATR is based.
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"European airplane manufacturer ATR said Thursday it sealed a $536-million sale with Iran Air for at least 20 aircraft, the latest aviation firm to strike a deal following Iran's nuclear accord with world powers. ATR spokesman David Vargas confirmed the finalized deal for the 20 ATR 72-600s, a twin-propeller aircraft, and said Iran Air had an option to purchase another 20. "They will definitely help Iran Air to modernize and develop regional connectivity across the country," Vargas told The Associated Press. Home to 80 million people, Iran represents one of the last untapped aviation markets in the world. However, Western analysts are skeptical that there is demand for so many jets or available financing for deals worth billions of dollars. Vargas declined to offer a value for the deal with Iran Air. The confirmed portion of the deal is worth $536 million at list prices, though buyers typically negotiate discounts on bulk orders. Iranian state TV described the deal as being worth about $400 million." (Associated Press, "Airplane Maker ATR Signs $536M, 20-Aircraft Deal With Iran," 4/12/17).
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"IranAir has finalised a deal to buy 20 turboprop aircraft from Franco-Italian ATR, the minister overseeing Iran's post-sanctions fleet renewal was quoted on Wednesday as saying... Such a deal would be worth 540 million euros ($571 million)at list prices. ATR, co-owned by Airbus and Italy's Leonardo, declined to comment. The company's chief executive told Reuters last month it had completed commercial negotiations with IranAir and expected to be able to sign a contract very soon... IranAir and ATR have spent months negotiating a firm order for 20 ATR 72-600 aircraft, with options for another 20. But officials said last month a final deal has been held up due to uncertainty over some export licences for spare engines made by a Canadian subsidiary of Pratt & Whitney. The engine maker has said it is working closely with ATR to ensure all necessary approvals are in place." (Reuters, "IranAir Finalises Deal to Buy 20 ATR Planes," 2/15/2017).
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"Turboprop maker ATR has completed commercial negotiations with IranAir for the sale of at least 20 aircraft and expects to be able to sign a contract very soon, the head of the Franco-Italian aircraft maker said on Friday... "We have concluded the negotiations and we should sign the contract imminently," ATR Chief Executive Christian Scherer said. Scherer was responding to some Iranian media reports on Friday that ATR had already announced the signature of the keenly awaited deal... IranAir and ATR have spent months negotiating a firm order for 20 ATR 72-600 aircraft worth 540 million euros ($576 million) at list prices, with options for another 20." (Reuters, "ATR Says Aircraft deals with Iran Imminent," 1/20/2017).
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"The head of IranAir took delivery on Wednesday of the first new Western jet under an international sanctions deal... The 189-seat plane is the first of 100 ordered from Airbus following a deal reached in 2015 between Tehran and world powers to lift nuclear-related sanctions against Iran, in return for restrictions on the country's nuclear activities... The airline has also ordered 80 aircraft from Boeing and is expected to seal an order for 20 turboprops from Europe's ATR." (Reuters, "IranAir Takes delivery of First Airbus Jet Post-Sanctions," 1/11/2017).
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"Iran and European planemaker ATR are due to sign a deal next week for the purchase of 20 short-haul passenger aircraft, an Iranian official said on Saturday, weeks after Tehran finalised deals with Boeing and Airbus. ATR, co-owned by Airbus and Italy's Leonardo Finmeccanica, in February reported preliminary orders from Iran for 20 twin-engine turboprop ATR 72-600 aircraft... [the official] added that the contract for 20 planes was worth $400 million." (Reuters, "Iran and European Planemaker ATR to Sign Contract Next Week," 12/31/2016).
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"Franco-Italian turboprop maker ATR is putting together to a mix of banks and lessors to help finance the euro-denominated sale of 40 of its planes to Iran, the plane maker’s Chief Executive Patrick de Castelbajac said. The company hopes to deliver the first of its regional planes by the end of the year." (The Wall Street Journal, “Iran Faces Financial Hurdles for Airbus Orders,” 6/1/2016)
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"Iran is continuing its aircraft-buying spree days after announcing a blockbuster, $27 billion order for 118 Airbus Group SE jetliners. ATR, the plane-making joint venture of Airbus and Italy’s Finmeccanica SpA, said on Monday that it would sell up to 40 turboprop planes to the Islamic Republic’s flag carrier Iran Air. The deal is valued at around 1 billion euros ($1.1 billion) at list price, the Toulouse-based plane maker said. The deal includes the purchase of 20 ATR 72 turboprop planes with options for 20 more... Iranian transport minister Abbas Akhoundi said last week that many of the country’s airports were largely idle because of a lack of planes after years of sanctions. Iran is seeking foreign investment to upgrade regional airports, which would likely be the main bases where the ATR planes would operate, the minister said. Patrick de Castelbajac, chief executive of Avions de Transport Regional, as ATR is formally called, said ''we are honored to take part in this new era in Iran by providing the national airline with aircraft that will strongly contribute to reinforce and boost regional transportation across the country.' French and Italian export credit agencies are assisting in financing of the planes." (The Wall Street Journal, “Iran to Buy up to 40 ATR Turboprop Planes,” 2/1/2016)
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On February 1, 2016, ATR announced that it had signed a €1.0 billion Euro deal with the Iranian flag carrier airline, Iran Air, for “40 newest generation ATR 72-600s.” (Airbus Group Website, “40 newest generation ATR 72-600s,” 1/2/2016).
"Company said it is examining the announcement and its potential implications." Martin Robinson, “British companies Rolls-Royce, BA and Vodafone could be forced to cut ties with Iran ‘immediately’ and tear up billion-pound deals as Trump threatens new sanctions on Tehran,” Daily Mail (UK), May 9, 2018.
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"Iran Aseman Airlines has reached an agreement with Rolls-Royce over purchasing three more Tay-650 turbofan engines. The Iranian airline and the British aero engine manufacturer have made a deal over purchasing fanjet engines as well as facilitating supply of spare parts for repairing engines in Iran. Meanwhile, full implementation of the agreement is subject to resolving financial transfer issues." (February 18, 2017).
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British engineering company Rolls-Royce denied a report in The Guardian newspaper on Wednesday that it had in the past sold equipment to Iran by exploiting a series of loopholes in U.S. sanctions. "Rolls-Royce refutes any accusation that it has traded 'in secret' in Iran or that it circumvented U.S. sanctions," said a Rolls-Royce spokesman in an emailed statement. "We conduct business in all countries, including Iran, in accordance with all relevant UK, EU or other national sanctions and export control regulations. This includes applying for export licenses, when they are required, and complying strictly with their terms and conditions." (Reuters, "Rolls-Royce denies UK media report over past Iran sales," 12/21/2016).
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"Rolls-Royce sold equipment to Iran for decades, a confidential company memo reveals, exploiting a series of loopholes in US sanctions to avoid breaking the law. The Iranian government amassed the world’s largest collection of the British engineering group’s signature turbine and booked millions of pounds of orders each year, according to a briefing drafted in 2009 for the company’s then chief executive, Sir John Rose. Trading in Iran appears to have carried on despite the enormous political risk of being seen to avoid US sanctions. A quarter of Rolls-Royce’s entire £14bn revenue is generated in the US, with much of that reliant on military contracts. The company signed orders worth $224m (£181m) from the Department of Defense in the first half of 2015 alone... Between 1975 and 1995, state-owned oil and gas firms in Iran procured almost 100 Rolls-Royce industrial turbines, according to the memo. By 2009, 69 Avon turbines had been acquired by the National Iranian Oil Company, which is cited in US sanctions... The company generated £69m of orders in the country between 2001 and 2009, according to the briefing, and also signed a “technical assistance agreement” to support a facility that carried out repairs and overhauls on about 10 turbines each year." (The Guardian, "Rolls-Royce exploited US sanctions loopholes to trade with Iran," 12/21/2016).
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"Iran is stepping up the hunt for overseas investment in its energy infrastructure after talks with Siemens and Rolls-Royce that point to the gradual opening of the country’s economy following the lifting of international sanctions. Hamid Chitchian, Iran’s energy minister, met representatives of both companies in London last week to discuss collaboration in power generation technology. The talks were focused on so-called decentralised power generators that can provide more localised and flexible supplies of electricity than big power stations. No deals were struck but Mr Chitchian told the Financial Times that Siemens and Rolls-Royce were interested and he hoped to 'reach a result' soon. Rolls-Royce said last week’s talks with Mr Chitchian involved the potential use of piston engines made by the group’s power systems business in Germany. 'The minister requested a meeting with Rolls-Royce to discuss the renewal of Iran’s energy infrastructure and whether our diesel and gas power generation systems have a role to play,' it said." (Financial Times, "Iran opens talks with Siemens and Rolls-Royce on energy investment." (7/17/2016)
"Iran and Australia have signed fresh agreements to forge closer ties, with Australian Trade Minister Steve Ciobo announcing the dawn of a new age of relationship. Ciobo is leading a trade delegation of more than 20 companies to Tehran, seeking out opportunities, buoyed by the prospects in Iran's mining, oil and gas, and other industries as well as the near 80 million population...Representatives of Australia's flagship carrier Qantas Airways, global biotechnology company Cochlear, GrainCorp agribusiness company, Australian Livestock Export Corporation Ltd (LiveCorp) and the universities of Melbourne and Sydney are also tagging along..." (Press TV, "Australia hails 'dawn of new age' in Iran ties," 9/28/2016).
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Trade Minister Steven Ciobo is leading a business delegation to Iran this week in a bid to secure an early advantage for Australian companies looking for deals as the market of 80 million people re-enters the global economy. Mr Ciobo saidthe lifting of punitive sanctions following a deal to restrict the scope of Tehran’s nuclear aspirations meant there was “significant potential” from an Iranian re-engagement with the international community. The trade mission to Tehran is the first to the Islamic republic by an Australian trade minister since 2002, and follows the trip by Foreign Minister Julie Bishop in April in which she sought to recalibrate the relationship and persuade Tehran to take back hundreds of Iranian asylum-seekers. Mr Ciobo will use his visit to talk about trade with his Iranian counterpart, Mohammad Nematzadeh, and reopen Austrade’s office in Tehran to help Australian companies in doing business in the $US393 billion ($515bn) economy. Executives from GrainCorp, WorleyParsons, LiveCorp, Oil Search, Qantas, Sydney University and Rubicon Water will travel with Mr Ciobo tomorrow. (The Australian, "Steven Ciobo heads to Tehran to get jump on trade rivals," 9/25/2016).
"Iranian officials declined to name the lessor involved, but industry sources said in September that Iran was in advanced talks with the United Arab Emirates' Dubai Aerospace about helping to finance the purchase. "We have a deal to finance the first 17 aircraft," a senior Iranian official told Reuters, without elaborating." (Reuters, "Iran's Airbus jet purchase gets boost from lease finance deal - sources," 11/7/2016).
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Dubai Aerospace is listed as a confirmed participant at the Iran Aviation Finance Summit that took place from September 18-19, 2016 in Tehran, Iran. In addition, DAE Dubai Aerospace CEO Firoz Tarapore, at the CAPA Iran Aviation Finance Summit, stated (18-Sep-2016) the leasing company views Iran as a "very large market that has been shut out from products that they need". Working in Iran also involves "navigating through a set of issues that are not seen in other jurisdictions” and opening up the market is progressing and a "matter of time", the process "has been frustrating and slow". (CAPA Center for Aviation News, "DAE Dubai Aerospace sees Iran as 'very large market,'" 9/19/2016).
Eye on Iran is a news summary from United Against Nuclear Iran (UANI), a section 501(c)(3) organization. Eye on Iran is available to subscribers on a daily basis or weekly basis.