Iran Air has decided to exclude the superjumbo A380 aircraft from its order with Frances Airbus, reducing the total order from 118 to 100 planes, according to a report by state news agency Irna, citing Iran Air managing director Farhad Parvaresh.
The cancellation of the A380s and the reduction of the total order volume meant the estimated cost of the contract could be reduced by up to $15bn, according to Parvaresh.
The 118 aircraft on order was previously estimated to cost up to $25bn based on list prices.
Parvaresh said Frances ATR is also scheduled to deliver eight planes to Iran, although he did not specify the timeline for delivery.
The executive also cited that contract to purchase 80 planes from the US Boeing had been signed on the second week of December. However, it is understood that the first deliveries will commence only in April 2018.