52457
Air India to Restart Flights After 2-Decade Hiatus
Air India to Restart Flights After 2-Decade Hiatus
  1. Economy
  2. Domestic Economy

Air India to Restart Flights After 2-Decade Hiatus

  1. Economy
  2. Domestic Economy

Air India to Restart Flights After 2-Decade Hiatus

State-run Air India Ltd. plans to restart flights to Iran suspended nearly two decades ago because of turmoil in the Middle East and western-backed sanctions against Iran over its nuclear program.
According to India’s daily business newspaper Mint, the all-economy flights to be launched under its low-cost brand Air India Express will connect Delhi with Tehran three times a week, an airline official said.
The flights are expected to resume in April “or a little before that”, said Air India Express chief K. Shyam Sundar.
“Last flight was in 1990s when Air India used to fly Bombay-Tehran but then perhaps because of turmoil in the region, we discontinued,” Sundar said. “Then there were issues with EXIM Bank. Once the sanctions were removed, it became easier. Now obstacles are gone.”
Almost all of Air India’s international fleet, including Air India Express Boeing 737 planes, have been funded with US EXIM Bank loans.
Iran emerged from years of economic sanctions in January when world powers lifted sanctions against the country in return for Tehran to limit its nuclear activities.
Air India, which has informed the US EXIM Bank about its plans to resume flights to Iran, already has an office in Tehran and is in the process of obtaining clearances from Iran.

Short URL : https://goo.gl/3RNXV5
  1. https://goo.gl/G3SRgR
  • https://goo.gl/iI5veC
  • https://goo.gl/UBh1ha
  • https://goo.gl/IQZEbj
  • https://goo.gl/EOs6VJ

You can also read ...

Georgian Prime Minister Giorgi Kvirikashvili (L) shakes hands with President Hassan Rouhani in Tehran on April 22.
Iran has agreed to activate a corridor stretching from the...
Foreign exchange rates have stabilized and made imports less costly.
Each ton of imports costs Iran $237 less on average since the...
A number of financial transactions originating from Iran had not conformed to UK’s banking standards.
The bank accounts of Iranian nationals living in the UK...
Regional Startup Event to be Held in Baku
Seedstars World, the global seed-stage competition to identify...
New Nokia Cell Phones Enter Iran Early
HMD Global which now produces Nokia-branded phones is getting an...
Ali Divandari
The Fourth Iran-Europe Banking and Business Forum is to focus on...
71% Growth in EGFI Export Coverage
The Export Guarantee Fund of Iran, the state-owned export credit...
The “Manufacturing” sector’s growth was mostly attributed to the 35.6% rise in the production of motor vehicles, thanks to the unused production capacity.
The Iranian economy enjoyed increased oil production and growth...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus