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Iran's Aviation Industry May Not Recover From Covid-19 Until 2023

Iran Airports Company’s revenues from overflight charges decreased by 46% or $69 million in the first half of 2020 compared with the same period of 2019
Iran's Aviation Industry May Not Recover From Covid-19 Until 2023Iran's Aviation Industry May Not Recover From Covid-19 Until 2023

Iran's aviation industry, a sector harshly hit by the spread of the new coronavirus, needs at least three years to make a comeback, says Siavash Amirmokri, managing director of Iran Airports Company,
“Revenues raised from overflights account for nearly 68% of Iran Airports Company's annual income. Overflight is where we suffered the most during the pandemic,” Amirmokri was quoted as saying by Fars News Agency.
"We need to diversify our sources of revenues in order to compensate the decline in income under the influence of Covid-19."
Iran Airports Company’s revenues from overflight charges decreased by 46% or $69 million in the first half of 2020 compared with the same period of 2019.
Optimistic projections put the number of aircraft flying over Iranian airspace in 2020 at 112,000 and expect revenues to reach 10,000 billion rials (around $36 million), aviation officials were quoted as saying earlier this month. 

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