Iran has signed contracts worth US$21 billion (13 billion pounds) to buy satellite equipment and aircraft from Russia, Manouchehr Manteghi, the managing director of Iran Aviation Industries Organization, said in an interview with Russian agency Sputnik on Saturday.
Manteghi said the contracts had been signed at the MAKS-2015 air show in Russia last month.
The contracts involved satellite-related equipment as well as the Sukhoi Superjet 100 regional passenger aircraft, Sputnik said.
Russia and Iran have been working to boost economic ties since Tehran signed a deal with six world powers in July, which offers Iran relief from sanctions in exchange for curbing its nuclear programme.
The European tour of Daher Aircraft’s “go-anywhere” Kodiak 900 multi-role airplane continues this week at the France Air Expo 2026 event in Lyon, France, where it will join a fast, e...
ExecuJet MRO Services Australasia is expanding its Falcon maintenance capability in Sydney, with new investments in specialist tooling, training and technical resources to support upcoming Falcon 7X h...
The A350-1000ULR (MSN 707), the first of 12 aircraft ordered by Qantas has completed its first flight in Toulouse, France. The aircraft, fitted with special flight test instrumentation, flew for three...
While the geopolitical situation contributed to economic uncertainty in Q1, market fundamentals remained healthy. The quarter showed strong demand for business aviation, reflected in increasing aircra...