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Iran looks for UK aircraft funding

Posted 9 May 2017 · Add Comment

Iran is currently negotiating the facilitation of financing of airliner sales to national carrier Iran Air with UK's export arm, according to a senior Iranian official quoted by Reuters.

Iran’s Deputy Roads and Urban Development Minister Asghar Fakhrieh-Kashan told Reuters that an offer has been received from UK Export Finance (UKEF), Britain’s export credit arm. The offer could potentially financially support the purchase of some of the Airbus aircraft built on EU territory.

“Not many banks are keen to finance and cooperate with Iranian airlines in fear of persisting sanctions, mostly by the US,” Amin Chini, aviation expert at iranaviation.com told AeroTime. “The financing issues have been solved for a number of aircraft but it still doesn't cover all of them.”

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