Iran to Start Importing Plane Parts from Europe in Coming Weeks

Iran to Start Importing Plane Parts from Europe in Coming Weeks

TEHRAN (Tasnim) – A senior Iranian civil aviation official announced that the country will start importing needed parts for its planes in the coming weeks, adding that the plane parts will be imported from the European states.

"New plane parts will be imported to Iran by the next two weeks," Head of Iran's Civil Aviation Organization Alireza Jahangirian told reporters on Saturday.

He said the needed parts for the country's airliners will be imported from the European countries, adding that the imports of such products from Europe has been facilitated after the Geneva deal signed between Iran and the six world powers in November.

He further noted that his organization has asked for the allocation of $400mln from National Development Fund for purchasing new planes.

On November 24, 2013, Iran and the Group 5+1 (the five permanent UN Security Council members plus Germany) signed a six-month deal on Tehran’s nuclear program in Geneva after several rounds of tight negotiations.

Based on the interim deal (the Joint Plan of Action), the world powers agreed to suspend some non-essential sanctions and to impose no new nuclear-related bans in return for Tehran's decision to suspend its 20% enrichment for a period of six months.

Such relief would include suspension of some restrictions on trade in gold, precious metals and petrochemicals, and in the auto industry. The deal allows third-country purchases of Iranian oil to remain at current levels. Some $4.2 billion in oil revenues would be allowed to be transferred to Iran.

Some sanctions reliefs have started on the first day of the six-month agreement's implementation – January 20 – and some will be withheld until its final day.

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