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Airlines Queue Up as Iran Sanctions Lifted

Following the United Nations nuclear inspection breakthrough that cleared the way for lifting of sanctions on Iran, the country’s air transport industry appears poised to enter a period of modernization and growth. However, no clear picture has materialized over which manufacturers will emerge winners and losers, and when deliveries of new aircraft could start. Some observers remain bullish, however. “Iran will buy a total of 80 to 90 airplanes per year from the two aviation giants in the first phase of renovating its air fleet,” Mohammad Khodakarami, director of Iran’s Civil Aviation Organization (CAO), announced last year. “We will purchase airplanes from Boeing and Airbus in equal numbers.” Iranian industry officials project that that their airlines will need 400 to 500 aircraft worth at least $20 billion in total.