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Iran Air received the first aircraft from Airbus in January.

Industry sources say Iran is expected to have negotiated a competitive price to take the surplus jet off Airbus's hands.

Iran Air's A330-200 features a two-class cabin layout, seating 32 passengers in business and 206 in economy.

The A330's origin dates to the mid-1970s as one of several conceived derivatives of Airbus's first airliner, the A300. It will now be operated by Iran's national flag carrier Iran Air.

Airbus forecasts that Iran will require some 400-to-500 new aircraft to modernize and expand its existing passenger fleet to catch up with years of pent-up demand on domestic and worldwide routes.

The Iran Air A330 jet touched down Saturday after a flight from Toulouse, France, where the headquarters of the European consortium are located.

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Speaking to Economic Times , he said, "Samajwadi Party would have come to power if there was no alliance". He has already made it clear on Saturday that his alliance with the Congress will continue.

The Airbus A330, which is an intercontinental plane, landed at Mehrabad International Airport on Saturday morning.

Most Iranian planes were purchased before the 1979 Islamic Revolution.

IranAir is also in talks to finalise a deal to buy 20 aircraft from European turboprop maker ATR.

The Office of Foreign Assets Control (OFAC) of the US Department of the Treasury issued necessary permits to Airbus and Boeing for sales of aircraft to Iran.

Previously, Iran's aviation fleet was suffering hard conditions since renovation had been made impossible by cruel sanctions against the country.