Iran's Foreign Ministry stated it will counter sanctions against Iranian carriers preventing them from obtaining spare parts for aircraft and blocking Iran Air from refuelling at some European airports (Reuters, 28-Jun-2011). The US State Department announced last week that it was stepping up sanctions against two Iranian companies including Iran Air. Iran Air announced in late 2010 that it intends to challenge fuel sanctions in an international court.
Iran to fight more sanctions against Iran Air
You may also be interested in the following articles...
Iran CAPA Aviation Summit – hope turns to frustration, but optimism remains as growth abounds
When CAPA – Centre for Aviation held its first conference in Iran at the end of Jan-2016 the atmosphere was primarily one of optimism. Immediately preceding the conference the expectation was that Iran and the West would move to rapidly reverse decades of estrangement. The first round of sanctions against Iran had come down – in line with the historic 2015 Joint Comprehensive Plan of Action (JCPOA) nuclear agreement reached between Iran and the ‘5+1’ powers – and major airlines and aircraft manufacturers were coming to the table.
While it was acknowledged that progress on major deals was not going to happen overnight, the hope was that as layers of sanctions came down, Iran would be embraced by the rest of the world. In return, Iran was expected to open itself up progressively to foreign trade and investment, and to travel.
The road ahead was perceived to be one that was both a very different, and far easier, one than the one Iran had already travelled. Aviation in particular was a sector that was expected to shine and lead the way for a new era for the country.
Iran, with an educated populace of 80 million, becomes a potentially major aviation force
Following the lifting of nuclear-related sanctions against Iran in Jan-2016 a potentially significant global aviation market was once again reopened to the world, after almost four decades of isolation.
Iran has huge pent-up demand and potential after almost 40 years of isolation from the international community. Despite the isolation, Iran’s economy approaches those of Turkey and Spain. The country has a young population with a median age of 28 years, which is active on the internet and social media (despite restrictions), having strong aspirations to travel and engage with the rest of the world.
Soon after sanctions were removed Iran Air placed firm orders for 118 Airbus aircraft and 20 ATRs, with options for a further 20 ATRs. Private airlines are estimated to have an interest in entering into commitments for a further 100 aircraft over the next twelve months. The fact that Iran’s airlines have continued to operate and expand during the lengthy period of isolation is testament to the resourcefulness of their people and their commercial and technical skills.
Geographically, Iran enjoys almost the same aviation advantages as the Gulf states; for now, that is where the similarities end. But the potential is self-evident.