Volume. 11870

Over $1b needed annually to renew Iran’s aviation fleet: official
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c_330_235_16777215_0___images_stories_edim_mg2(4).jpgTEHRAN – Iran needs at least $1 billion annually to renew its ageing aviation fleet, the director of the Civil Aviation Organization of Iran said on Saturday.
Alireza Jahangirian added that 30 airplanes with less than 10 years of age should be added to the national fleet per year. This issue requires more than $1 billion investment annually, he said.
Currently, the national aviation fleet is equipped with 240 planes, he noted.
Iran may buy new airplanes and refurbish its aviation fleet since international sanctions against the country’s aviation industry have been partly lifted, the Mehr News Agency quoted Iranian deputy transport minister Alimohammad Nourian as saying.
The sanctions had made many problems for us in procuring spare parts and components for the aviation industry, he said, adding that the required parts were imported from indirect sources at higher costs.
Meanwhile, Hamidreza Ghavabesh, the secretary of the Iranian air travel agencies, has said that Iran will reuse 100 grounded airplanes as lifting sanctions on its aviation industry enables the country to provide spare parts for the planes.
On November 24, Iran and six world powers reached a breakthrough deal in Geneva on Tehran’s nuclear program. The two sides have signed a joint “plan of action”.
Iran’s Foreign Minister Mohammad Javad Zarif said that based on the deal deals in Geneva, the P5+1 has pledged to not impose additional sanctions against Iran during the next six months and would suspend some existing sanctions.

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