Iran plans home aircraft production

LONDON, December 26 (IranMania) - Russia's United Aircraft Building Corporation (UAC) is holding talks to license Iran for the production of medium-range aircrafts, PressTV reported.

Talks are scheduled to be held in February 2008 on license transfer terms for Iran to be able to manufacture medium-range Tu-204-100 and regional Tu-334 airliners.

Russia's preliminary estimate of the license price is $3 billion, RBC reported.

If the negotiations yield results, Iran will be able to assemble the planes by 2011 and manufacture them domestically by 2015.

The talks come as Iran is negotiating a deal with Russia to purchase helicopters and fighter jet engines for defensive means.

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