Iranian airlines to buy dollar at Forex Centre

Azerbaijan, Baku, Nov. 9/ Trend F.Milad/

The government will no longer provide airlines with a dollar at reference rate of 12,260 rials, head of Iran's Civil Aviation Authority Hamid Reza Pahlevani said.

From now on, airlines should buy the dollar at the Forex Centre, the Mehr News Agency quoted Pahlevani as saying.

Aviation fuel will be sold at the price of 7000 rials (Iran's official exchange rate is 12,260 rials to the dollar) as of November 7.

The figure shows a 350 per cent increase as aviation fuel cost 2000 rials, previously, the Mehr News Agency reported.

Iranian airlines increased ticket prices for domestic flights by 65 per cent on averge as of November 6, the head of the Association of Iranian Airlines, Abdolreza Mousavi, said.

For example a Tehran-Kish airplane ticket will be sold at the price of 1.7 million rials (some $138 based on the official rate of the US dollar) while it was previously being sold at one million rials (some $81.5), the ISNA News Agency reported.

It is while the director of the Civil Aviation Organisation Hamid Pahlavani had announced on October 10 that Iranian airlines said it will be increasing ticket prices for domestic flights by a maximum of 50 per cent.

Pahlavani added that different factors including foreign currency prices, are considered to set the ticket prices, the ISNA News Agency reported.

Mousavi had also said in September said that until late June of last year, aviation fuel cost 1000 rials.

The managing director of the Airtour passenger airline Sirous Baheri said in October that the airline has suffered a 200 billion rials (some $16 million) loss as the administration will no longer provide the airline with the dollar at a reference rate of 12,260 rials.

Therefore, the airline cancelled all its international and tourism flights.

As the administration does not provide the airline with an official rate dollar, the airline has to pay costs based on the free market dollar, Baheri noted.

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