Tag Archives | Mahan Air

US Targets Thai Company Supporting Iranian Airline

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Thailand-based My Aviation Company Limited for acting for or on behalf of Mahan Air, an Iranian airline previously designated for supporting Iran’s terrorism activities.  The action today was taken pursuant to Executive Order (E.O.) 13224, which targets terrorists and those providing support […]

US Sanctions Mahan Air Service Provider

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has designated Mahan Travel and Tourism Sdn Bhd, a Malaysia-based General Sales Agent (GSA), for acting for or on behalf of Mahan Air, an Iranian airline previously designated in connection with Iran’s support for international terrorism. GSAs such as Mahan Travel and Tourism […]

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”), […]

Private Sector having hard time Financing Expansion

By Navid Kalhor for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News.  The Islamic bond market in Iran was first kick-started in 2011, with Mahan Air’s issuance of ijara sukuk on the over-the-counter Iran Fara Bourse (IFB) to finance its purchase of […]

Boeing may sell to Iran in Euros

By John Lee. An executive from Boeing has suggested that Iranian airlines could purchase Boeing airliners in euros rather than dollars. Marty Bentrott, Boeing’s vice-president for Middle East sales, told reporters: “There is some very positive interest.” According to Gulf News, the company has been talking with “more than” two Iranian carriers, including flag airline […]

Saudi Arabia bans Iran’s Mahan Air

By John Lee. Saudi Arabia’s General Authority of Civil Aviation (GACA) has banned Iran’s Mahan Air from flying into the kingdom. It issued the order on Monday night, due to what it called “systematic violations” of the country’s safety regulations and laws. An official told Tasnim news agency that Iranian airlines currently have no flights to […]

Jet Engine Falls Off during Iran Flight

By John Lee. AFP reports that a Boeing 747 operated by Iran’s Mahan Air lost an engine shortly after takeoff from Tehran on Thursday. The flight, with 300 passengers on board, was destined for Bandar Abbas in southern Iran when one of its engines crashed into a nearby field, forcing the jumbo to return and […]