Saturday, 1 August 2015

Clear skies ahead for Iranian aviation

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"This is the end of 'Death to America'," gushed one Tehran-based analyst as he joined the throngs of Iranians celebrating in the streets of their capital city. Following 20 months of negotiations, and 36 years of diplomatic acrimony, Iran and six global powers put their differences behind them on the 14 July with the announcement of a landmark nuclear agreement. Though the talks centred on curtailing Iran's uranium-enrichment programme, their success promised so much more: a geopolitical re-birth for an international pariah state; a social awakening for 77 million Iranians; a commercial revolution for their $420-billion economy.

Jubilation on the Iranian street was tempered by more cautious reactions in the business community...