LONDON—Iran’s controversial upgrade of its airliner fleet has taken another step with a deal valued at up to $1 billion to buy planes from a joint venture of Airbus SE and Leonardo SpA. The Toulouse, France-based aircraft maker ATR said Iran Air had signed a firm order for 20 ATR 72-600 regional planes and has agreed to options for 20 more. Deliveries could begin “within weeks” and be completed next year, the company said.

Source: Wall Street Journal April 13, 2017 09:22 UTC