Tehran, Feb 21, IRNA � Managing Director of Iran Air Farhad Parvaresh says 80 to 85 percent of the contracts for the delivery of Airbus A350 XWB to Iran which is the most advanced plane manufactured by the Airbus will be financed by the Europeans.

Speaking to reporters at the time of the landing of the first A350 XWB at Mehrabad Airport, Parvaresh noted that based on the contract 16 more Airbus planes of the type landed in Tehran on Saturday will be delivered as of 2021 according to the schedule.

He said in case the conditions were not ripe for the delivery of the Airbuses they will be substituted with A350 or other models, adding that 118 planes will be delivered to Iran on the basis of an agreement with Airbus of which 45 are of 320 and 321 models which will be gradually delivered up to 2019.

Meanwhile, he said the Boeing Company is after present in the Iranian market, adding that if permission is obtained and Boeing calls for talks, Iran Air will enter into discussion.

However, he added that within the next 10 years many airplanes will be excluded from the Iranian fleet and 30 to 40 percent of the expected 118 planes will replace the excluded ones and the remaining will be used for the development of the fleet.

By IRNA