Japan to fund Iran’s purchase of MRJs

August 1, 2016 - 18:57

TEHRAN – The Japanese government will fund the purchase of jets by Iran from Mitsubishi Heavy Industries – known as Mitsubishi Regional Jets (MRJs), the Iran newspaper reported on Monday.  

Asghar Fakhrieh-Kashan, the deputy transport minister, said according to the agreement Japan would fund the purchase of Mitsubishi planes based on a scheme known as build-operate-transfer (BOT).

The official added Japan has agreed to provide the fund to make the purchase without any guarantees from the Iranian government.