Saturday, 6 February 2016

Freed from sanctions, Iran’s airlines go on a spending spree


Full article on alarabiya.net

In the 1970s, just before the Iranian Revolution, Iran Air was considered one of the fastest growing and safest airlines in the world.

The company operated daily flights to New York with Boeing 747s; it had two supersonic Concordes on order; and its marketing department billed Tehran as an ideal stopover for flights between Europe and Southeast Asia.

No one could have predicted what was to come. The founding of the Islamic Republic in 1979 triggered a wave of international sanctions that decimated Iran’s domestic industries – including civil aviation...