Iran has struck a provisional deal with Europe’s Airbus to buy eight A-380 superjumbo planes to be delivered from 2019, the deputy transport minister told Reuters on Sunday. A deal for 127, mainly new, aircraft which it hopes to complete this week also includes 16 A350 jets, Asghar Fakhrieh Kashan, deputy transport minister said in an interview on the sidelines of an aviation conference in Tehran. He also said Iran was interested in regional aircraft including Mitsubishi’s MRJ and Canada’s Bombardier CSeries and has had some contact with both companies. Private Iranian airlines are also talking to Brazil’s Embraer and Russia’s Sukhoi. Tehran has long said it will need to […]

Iran emerged from years of economic isolation on Saturday when world powers lifted crippling sanctions against the Islamic Republic in return for Tehran complying with a deal to curb its nuclear ambitions. The U.N. nuclear watchdog ruled on Saturday that Iran had abided by an agreement last year with six world powers to curtail its nuclear programme, triggering the end of sanctions. “Iran has carried out all measures required under the (July deal) to enable Implementation Day (of the deal) to occur,” the Vienna-based International Atomic Energy Agency said in a statement. Within minutes, the United States formally lifted banking, steel, shipping and other sanctions on Iran, a major oil […]