|By Arabian Post Staff| Mubadala’s prestigious business of aircraft parts supply faces the prospects of another Middle East player entering the field, with Iran planning a parts making plant with Airbus. The Abu Dhabi-based Strata has $7.5 billion worth of orders from both Airbus and Boeing Co. for up to 2030.
Iran’s alignment with Airbus is becoming clearer following the signing of a milestone agreement to purchase 118 jetliners from the European manufacturer in January.
Bloomberg has quoted a source in Airbus’s Middle East office as saying the company is evaluating areas of industrial cooperation with Iran that may include component production and maintenance and overhaul work.
Iran developed the ability to make plane parts in order to keep its aircraft flying during years of economic sanctions. Iranian Aviation and Space Industries Association President Amin Salari said in an interview in Tehran that it can offer both “a level of know-how” and very competitive labor costs, according to Bloomberg.
The Islamic republic has around 15 maintenance and overhaul companies, a third of them state owned, Salari said, with capabilities in areas including cabin refurbishment, aircraft seats, fiber-glass parts and cockpit panels.
January’s Airbus order was announced on the day sanctions were lifted and confirmed when Iranian President Hassan Rouhani visited Paris. The $27 billion deal comprises 45 single-aisle A320s and 73 A330, A350 and A380 wide-bodies.