ATR to drop its plans to delivery the remaining aircraft on order with Iran due to the latest US sanctions against the country. ATR also hopes to reclassify 12 aircraft should it not obtain a waiver from US regulators.

CEO of ATR, Christian Scherer, says the planemaker's delivery target in 2018 may be impacted as a result, and he aims to lean on the French government to help negotiate with the US.

Iran Air ordered 20 ATR72-600s from ATR in April 2017, with the remaining 12 due in 2018 as eight were already delivered in 2017.

ATR is also hoping to secure a new license with Iran, as well as provide after-sales service.