ATR denies signing the contract with Iran Air to provide twenty aircraft. The news was reported yesterday by the Iranian news agency and later reported by Reuters. The Franco-Italian aircraft manufacturer, a joint venture between Airbus and Leonardo, has now explained they are “still working” to finalize the contract and there are “no updates” on the agreement previously signed between the two parties.
In February of 2016 ATR and IranAir signed a first Memorandum of Understanding for the firm order of twenty ATR 72-600s and options for another 20. At list prices, the value of the deal is about one billion Euros. After the pre-agreement, however, as in the case of contracts already signed between IranAir and Boeing and Airbus, the parties define issues related to finance and procedural matters. In particular, one of the areas which is under discussion between IranAir and ATR is the maintenance of PW100 turboprop engines, built by the Canadian division of Pratt & Whitney, a division of the American conglomerate United Technologies Corporation. Although the contract at least four ATR 72-600 has not been signed yet, in any case, they have already been painted in the livery of Iran Air and are supposed to be delivered within fifteen days of signing.