Archive | Transport

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”), […]

“No US License Needed” to Buy Sukhoi Jet

The modifications that Sukhoi has made to its Superjet-100 passenger plane would allow the Russian aircraft manufacturer to sell the plane to Iran without the need for a license from the US Treasury’s Office of Foreign Assets Control (OFAC), an Iranian official announced. Speaking to Tasnim on Monday, Secretary of Association of Iranian Airlines Maqsoud […]

Oman Budget Airline to serve Shiraz

By John Lee. Oman’s SalamAir is to launch its first service to Iran from 28th February. The budget airline will operate two weekly flights to Shiraz, which it says is seeing increasing popularity as a medical and tourism destination. It also expects to launch services to Tehran and Mashhad in the future. (Source: Muscat Daily)

ATA Airlines to start Islamabad-Mashhad Flights

By John Lee. Iran’s ATA Airlines is set to launch a weekly flight between Mashhad and Islamabad. Daily Pakistan reports that the inaugural flight will arrive at Islamabad Benazir Bhutto International Airport on Saturday 10th February 10:00 pm, departing on Sunday at 1:00 am. Kish Air is operating direct flights between Islamabad and Tehran; Iran […]

PSA Sells 444,600 Units in Iran

By John Lee. French carmaker Groupe PSA, which makes the Peugeot and Citroen brands, has reported that it has sold 444,600 units in Iran in 2017. Consolidated sales in the Middle East & Africa region were up by 61.4% on the previous year. In a statement, the company also made reference to the production start-up […]

Plane Deals to Take Longer to Complete

Iran would finally take delivery of dozens of European jets it has ordered following the 2015 nuclear deal between Tehran and world powers, John Leahy, Airbus Sales Chief, said, noting that the process could take longer to complete than planned. “I think those deals will get fulfilled, maybe not on the original schedule,” Leahy told […]

Reformists gain Points while Smog Smothers Tehran

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Iran’s Reformists rack up political points while smog smothers Tehran Iran’s air pollution crisis, which claimed more than 4,800 lives in 2016, has become yet another area for scoring political points for both the […]

Iran, India Sign Major Rail Deal

Iran and India have signed a deal worth 2 billion US dollars for cooperation in the rail sector, a report said. The agreement was inked Friday in India’s capital New Delhi in the presence of Abbas Akhoundi, Iran’s minister of roads and urban development, and his Indian counterpart Nitin Gadkari, the report said, according to […]

Iran, India to Finalize Railroad Project Deal

During a planned visit to New Delhi, Iran’s Minister of Roads and Urban Development and his Indian counterpart are expected to make the final decision about details of a deal on financing a railroad linking the Iranian southeastern cities of Zahedan and Chabahar, an official said. In a meeting with India’s ambassador to Tehran, Iranian […]

Border Crossings with Iraqi Kurdistan Reopen

Iran’s two border crossings with Iraqi Kurdistan region have resumed their operations following an announcement by the Supreme National Security Council (SNSC), the director general of the Interior Ministry’s border affairs department said. Shahriar Heidari said that according to the interior minister, the Parviz Khan border crossing in the western province of Kermanshah and the […]

Hyundai to Deliver 10 Ships to Iran in 2018

South Korea’s HHI to Deliver 10 Commercial Ships to Iran in 2018: Official South Korea’s Hyundai Heavy Industries (HHI) will deliver 10 commercial ships to Iran next year, an Iranian official said. Chairman of the Islamic Republic of Iran Shipping (IRISL) Mohammad Saeedi said that four of the vessels will be container ships with a […]

China keen to use Chabahr Port to access Pakistan

China Keen to Use Iran’s Chabahr Port to Transit Goods from Gwadar: Official Iran has received a request from China to establish a connection between Pakistan’s Gwadar port – which Chinese companies are developing – and Iran’s southeastern port of Chabahar, an official said. Abdolrahim Kordi, the managing director of Chabahar Free Trade Zone, was […]

Airbus “Ready to Finance Plane Purchases”

European aviation giant Airbus has voiced readiness to fund the country’s purchases of passenger planes, Head of Iran’s Civil Aviation Organization (CAO) Ali Abedzadeh said. Airbus, the French-Italian aircraft manufacturer ATR, and American aviation giant Boeing have already approached Iran to fund the purchases, Abedzadeh said on Sunday. He added that talks to choose the […]

Etihad to End Flights to Tehran

By John Lee. Abu Dhabi-based Etihad Airways will reportedly stop flying to Tehran. According to Reuters, the airline will reduce its service from five flights per week to two from 25th December, before stopping completely on 24th January. No reason was given for the suspension, but the airline is currently engaged in a strategy review. […]

Iran moves to Tax its Frequent Travelers

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. A threefold increase in the departure tax proposed by the government has prompted outrage among many Iranians. The proposed hike is part of the administration’s new budget plan for the upcoming fiscal year, starting […]

Iran Boosts Condensate Exporting Capacity

Iran has improved Asalouyeh Gas Condensate Export Terminal so that three vessels can call at the terminal for loading gas condensate (ultralight crude oil) at the same time. Head of the terminal Gholamabbas Heidari said very important measures have been taken in the terminal for facilitating export of the item which include bolstering infrastructures as […]

Israeli Tech puts Iranian Startups in Bind

By Bijan Khajehpour, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Israeli tech puts Iranian ride-hailing startups in bind Iran’s recent decision to once again block Waze, a mobile navigation app developed in Israel, has created a great deal of controversy in the country. The […]

Hungarian Bus-Maker to supply Iran

By John Lee. Hungarian bus maker Ikarus has reportedly signed an agreement to export 1,000 buses to Iran. Company Chairman Gábor Széles was among a 20-strong business delegation on an official visit to Iran last the weekend. The quantity is equivalet to one-third of full year’s production for the company. According to Budapest Business Journal, […]