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All tagged Iran Air
◢ The appointment of a new CEO at Iran Air exemplifies Iran’s renewed reliance on what its Supreme Leader, Ayatollah Ali Khamenei, has called a “resistance economy.” In order to overcome the restrictions imposed by sanctions, Iran will turn increasingly to a cadre of “resistance managers,” elevating individuals and empowering networks with unique capacities to keep Iran’s trade flowing under duress.
Statistically speaking, air travel in Iran is still safe. But even if the overall risk of an accident remains statistically low, the risk still far exceeds expected levels.
◢ News that British Airways and Air France are axing their service to Iran was met by anger from Iranians, who felt the airlines were bowing to political pressure from the Trump administration. To better understand whether commercial or political considerations are driving these decisions, Bourse & Bazaar spoke to an executive from one of the international airlines now withdrawing from Iran. The executive’s account provides a more precise picture of why numerous airlines have determined that flying to Tehran is no longer commercially viable.
◢ In a recent interview, French Economy Minister Bruno Le Maire expressed optimism for the delivery of eight ATR turboprops to Iran as part of a contract with Iran Air, the country’s national airline. Le Maire spoke of being “hopeful that the United States will provide authorization to deliver these aircraft.” The ATR deliveries, like the three Airbus deliveries made prior to President Trump’s withdrawal from the Iran nuclear deal, are highly symbolic of the hope and expectations for increased trade and investment following the implementation of the Joint Comprehensive Plan of Action (JCPOA).
◢ Despite recent uncertainty surrounding the 2015 nuclear deal, Iran Air has been moving forward with its expansion efforts, drastically changing its face in the airline industry.
◢ Iran Air's network has grown significantly since 2015, but remains much smaller than that of a decade ago. In 2002, the airline was serving 18 European destinations, compared to today’s 13 destinations.
◢ European business leaders and policymakers will convene with their Iranian counterparts at a critical time during the 4th Europe-Iran Forum in Zurich on October 3-4, 2017.
◢ The business community will be meeting to set an agenda for trade and investment as the Trump administration signals its skepticism regarding the Iran nuclear deal.
