Archive | Transport

Iran Manufactures First Domestic Rail Tracks

Esfahan Steel Company (ESCO) has announced that the first domestically-constructed rail tracks have been handed over to Iran’s Railways, saying the rails are on par with the latest global standards. ESCO announced on Monday that the first domestically-constructed rail tracks have been handed over to Iran’s Railways, the Medi Telegraph reported on Tuesday. The rail […]

Iran Rail signs Contract with Swiss Firm

Iran’s state-owned railroad company signed a contract with Swiss company Matisa for the maintenance and supply of railroad machines. According to the contract, Matisa, the Swiss manufacturer of track maintenance equipment that was established in 1945, will carry out the overhaul of two ballast machines in Iran. Apart from making repairs on nine other ballast […]

Truckers display new face of Popular Protest in Iran

From Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. On the first day of what quickly became Iran’s largest trucker strike in recent years, a driver told his audience on film, “Today, May 22, on the ring road of Kavar, we are making sure that […]

Pakistan to Launch Ferry Service to Iran

Pakistan is planning to launch ferry services from its Karachi port to Iran, the United Arab Emirates and Oman with an aim to enhance connectivity and provide more services to the people. According to the South Asian country’s Federal Minister for shipping Mir Hasil Khan Bizenjo, the draft Ferry Service Policy would be present at […]

Shipping Giant to cease Iran Business

By John Lee. Danish shipping giant AP Moller-Maersk has said it will cease operations in Iran following the reimposition of US sanctions. Chief Executive Soren Skou is quoted as saying: “With the sanctions the Americans are to impose, you can’t do business in Iran if you also have business in the U.S., and we have […]

Iran, Russia Agree to Boost Railroad Cooperation

Iranian Minister of Economic Affairs and Finance Massoud Karbasian and the director general of the Russian Energy Agency (REA), Anatoly Tikhonov, agreed to enhance cooperation between the two sides in various projects, including the Garmsar-Inche Bouroun railroad. “RZD International representatives as a part of the Russian delegation headed by Anatoly Tikhonov, Director General of the […]

Air France reduces Iran Flights

By John Lee. Air France is reported to be cutting its Joon service between Paris and Tehran to the summer season only. According to a report from Reuters, the company blames weak demand since it began operations two years ago. It’s Joon subsidiary was launched in December 2017 and is aimed at young people. (Source: […]

Iranian Airlines Buy 40 Sukhoi Passenger Jets

Two Iranian airlines have signed contracts with Russian aircraft manufacturer Sukhoi to purchase a total of 40 passenger planes. The Iranian companies, Aseman Airlines and Iran Air Tours, have signed the deals with Sukhoi on the sidelines of Eurasia Airshow 2018, which kicked off in Turkey’s Antalya on April 25. According to reports, Iran Air […]

Boeing ‘Defers’ Iran Deliveries

By John Lee. As US President Donald Trump considers whether to withdraw from the Iran nuclear deal, Boeing has reportedly re-allocated the planes it had planned to deliver to Iran this year to other customers. According to Reuters, Boeing boss Dennis Muilenburg told a conference call: “We have no Iranian deliveries that are scheduled or […]

Proton to Return to Iran

By John Lee. Malaysian automaker Proton Holdings will reportedly return to Iran. According to New Straits Times, Proton’s parent company set up Proton Motor Parsian Company (Ltd) (PMPC) on 10th April. The new company will assemble cars with completely knocked down and semi knocked down parts. (Source: New Straits Times)

Iran offers Russia €3bn Rail Electrification Projects

By John Lee. Iran has reportedly proposed rail electrification projects worth 3 billion euros to Russia. Alexander Misharin (pictured), Russian Railways First Vice-President, has said the projects include electrifying 3,000 kilometers of rail lines. He told Russia’s Sputnik news agency: “Three-thousand kilometers, a big project. We agreed to sit down at the negotiating table and […]

Sinomach signs $836m Railway Project with Iran

China National Machinery Industry Corporation (Sinomach) has signed a cooperation agreement with Iran to build a railway expansion project in the country. Costing 5.35 billion yuan ($836.87 million), the railway line connects Tehran, Hamadan and Sanandaj, with a total length of 470 kilometers. According to the agreement, Sinomach Heavy Industry is responsible for the design, […]

Kermanshah connected to National Rail Network

The president opened the 110-kilometer long Firouzan-Kermanshah railway on Tuesday, hours before the turn of the new year. Dr Hassan Rouhani appeared in Kermanshah Railway Station and opened the Firouzan-Kermanshah railway project, ordering the first passenger train to leave Kermanshah for the holy city of Mashhad. When opening the project, the president said: “I open […]

Ban on Iranian Airline’s ATR Flights Lifted

The Civil Aviation Organization of Iran lifted a month-long ban that prevented the Aseman Airlines from operating its ATR planes after a fatal crash in February. The public relations department of the Civil Aviation Organization said the temporary halt on the employment of ATR 72-200 and -500 models by Aseman has been lifted after release […]

Iran Air to Recruit Female Pilots: CEO

CEO of Iran Air Farzaneh Sharafbafi said the country’s national flag-carrier airline plans to recruit female pilots for the first time. “This is highly significant for us to have female pilots among our personnel,” Sharafbafi made the announcement on Tuesday. Iran Air is based in Tehran and flies to more than 25 domestic destinations and […]

Iran, Serbia resume Direct Flights after 27 Years

After a gap of 27 years, direct flights between Iran and Serbia resumed Saturday, when an IranAir jet touched down at Belgrade’s Nikola Tesla airport, Serbian media reported. IranAir is offering a direct service between Tehran and Belgrade twice weekly, with all flights fully booked until the end of the summer, the reports said, according […]

Iran Plans Major Boost to Tehran Int’l Airport

Under a multi-billion-euro project to expand Tehran’s Imam Khomeini International Airport (IKA), new terminals would be built that, along with the existing one, could handle 100 million passengers a year, an official said. Speaking at a press conference on ideas for the design of a new air terminal dubbed “Iran-Shahr”, Shahram Adamnejad, CEO of Imam […]

Swiss Firm Denies Major Infrastructure Deal with Iran

Switzerland’s Stadler Rail denied reports that it signed a $1.4 billion infrastructure contract with Iran for 960 wagons for an underground railway system. In a statement on Friday, Stadler Rail said there was no deal or decision between Tehran and Bern but merely a public tender, Swissinfo website reported. This is while the Swiss embassy […]

US Moves Against “Illicit Iran Aircraft Network”

The U.S. Commerce Department’s Bureau of Industry and Security (BIS) has acted against Turkish national Gulnihal Yegane and three affiliated Turkish companies who are involved in illicitly procuring and supplying Iranian airlines with U.S.-origin aircraft engines and spare parts. The action, called a “temporary denial order” (TDO), suspends the export privileges of Gulnihal Yegane (“Yegane”), […]