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Economic News in Previous Week

Iran Daily - Feb 26, 2001

Airbus Conditions Sales to Iran

Airbus Industrie has disclosed its term ad conditions for handing over 10 Airbus planes to Iran, said the Persian economic daily Abrar-e-Eqtesadi on Monday. According to the paper, the company would allow only European experts to install the plane’s US-made spare parts. “It also demanded that the planes be handed over to the Iranian side through its own selected financier”. Presently, Airbus-321A costs around $60 million.