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Iranian airlines’ debts to state Airport Organization hits $175M

Business Materials 26 November 2014 14:59 (UTC +04:00)

Baku, Azerbaijan, Nov. 26

By Umid Niayesh - Trend:

Iranian airlines owe some 4.7 trillion rials (about $175 million based on official rate of 26,800 rials per each USD) to the state Airports Organization, board of directors' member of the organization Ahmad Momeni Rokh said, Fars news agency reported Nov. 26.

Currently, 54 airports are operating in the country, Momeni Rokh said adding besides them, as well as Iran's oil company and the country's free trade zones have their own airports.

The figure does not include the military airports, the official said.

Former reports put the debt of Iranian airlines to the Airports Organization at $203 million. Mohammad Ali Ilkhani, the managing director of the organization said that the organization's incomes amounted to $317 million during last fiscal year (ended on March 21).

He said that only three Iranian airports meet their expenses - Mehrabad and Imam Khomeini International Airports in Tehran and Mashhad International Airport.

Currently incomes of 48 Iranian airports are not covering the expenses, Ilkhani added.

The administration has prepared some strategies to handle the problem in the sixth five-year economic development plan (2015-20), Ilkhani said.

Totally, 24.6 million passengers used Iran's domestic and international flights during the 6-month period from March 21 to Sept. 22).

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