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New Iranian airlines must be able to purchase five jets

TEHRAN, Aug. 20 (Mehr News Agency) - No permit is going to be issued for launching new airline companies unless the applicant could demonstrate financial ability to purchase five airliners, Iran's Roads and Transportation Minister Mohammad Rahmati announced on Sunday.

In an interview on the approaching Government Week, August 24, he called for more active participation of private sector in air and land transportation business and stipulated there are clauses in the Fourth Plan (2005-2010) that offer incentives to such ventures.

"Out of eight functioning airlines, six are private and the other two, Homa (Iran Air) and its subsidiary Iran AirTour, belong to the government with negative financial balance sheet," the minister said, adding 8 of 14 licensed companies hold no more than two planes.

The new permit regulations require the claimants to show purchase power for five passenger planes of any kind with international flight capability.

... Payvand News - 8/21/06 ... --

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