Article

2016-04-28 Syria-Lebanon-Iran

Iran to get a few Airbus planes this year

Iran will get five to eight Airbus passenger aircraft this year, Head of Iran Civil Aviation Organization Ali Abedzadeh said. Coming as the first stage of a deal between Iran Aviation Co. Homa and Airbus, the aircraft so received will be of models 320 and 330, he said, IRIB news agency reported April 25.

Referring to the removal of sanctions and its effect on foreign companies to approach Iran for business, he said the mindset to do business with Iran exists among European companies.

Iran's aviation industry grew decrepit under sanctions, with airplanes aging over 25 years in average, something that has hugely heightened air accidents in the country. Iran needs to import over 500 aircraft to refurbish its civil fleet in five years, officials have often said.

This is how the Euros get their money back after buying Iranian oil. That's why they were happy enough to see the sanctions go away.

Selling more oil, earning less -- and spending considerably more now that they can actually buy things on the open market. Who will go broke first, Iran or Saudi Arabia?

Posted by Steve White 2016-04-28 00:00|| || Front Page|| [11132 views ] Top
File under: Govt of Iran

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