Monday , December 17 2018

Airbus freezes sale of 4 Airbus A321 worth 440 million euros for Syrian National Airlines Company

Political pressure and US sanctions effect the deal

Kuwait City, Feb 22: French company Airbus has suspended the sale of four Airbus A321 aircraft for the Syrian Businessman which is costing for more then 440 million euros for six months.

Sources reported that the deal attributed the freeze is due to recent political developments and US pressure, which increased the economic sanctions imposed on Damascus, which included banning the sale of aircraft and parts produced by US factories or companies or contributing to the composition of more than 10%.

Airbus had entered into the contract earlier this year with the Arab Company for the purchase and leasing of aircraft for the Syrian businessman, The company has officially informed on the decision to freeze the deal to review all contractual procedures.

The sources confirmed that the owner of the company seeks to resolve this issue by all legal means to receive aircraft during the coming period, which is expected to be popular in the Syrian airspace.

The Syrian National Airlines Company owned by a Syrian businessman residing abroad enjoys Gulf and international relations privileged to get more than 11 stations outside the Syrian territory to work on, including three European stations.

Check Also

Iran says Airbus deal still awaiting US green light – Qatar Airways CEO says cancels first A320neo over delays

TEHRAN, June 3, (Agencies): A $10 billion deal between Iran and European aircraft manufacturer Airbus …

Translate »