Leonardo in Talks With Alternative Buyers for Iran ATRs
- Chief executive officer Profumo speaks in Bloomberg interview
- Profumo says impact of Iran sanctions to be negligible
This article is for subscribers only.
Italy’s aerospace giant Leonardo SpA says ATR, which it co-owns with France’s Airbus SE, is in talks with alternative buyers for the remaining aircraft in a 1 billion euro ($1.6 billion) deal with Iran, which it can no longer deliver due to sanctions.
“We are pretty confident that we will finalize the re-allocation to other countries” by the end of this year, Chief Executive Officer Alessandro Profumo said in an interview with Bloomberg TV at the Ambrosetti Forum in Cernobbio, Italy. Profumo said 12 new generation ATR 72-600 aircraft ordered by Iran in 2016 have already been delivered, while eight remain and will be allocated elsewhere.