EU insurance companies ready to cooperate with Iranian airlines

Business Materials 16 June 2015 17:55 (UTC +04:00)

Baku, Azerbaijan, June 16

By Umid Niayesh - Trend:

Some European insurance companies have expressed readiness to cooperate with Iranian airlines, Iran 's civil aviation organization (CAO) said.

Representatives from the companies have expressed readiness for preliminary negotiations to determine the conditions for their activity in Iran 's aviation market, the official website of the CAO reported June 16.

The organization has prepared grounds for cooperation, the CAO said without unveiling further details.

As a result of the international sanctions against Iran due to its disputed nuclear program no European insurance company provides service to Iranian air ines or insurance companies.

The EU has prohibited providing insurance and reinsurance services to Iranian persons or entities.

Edited by CN

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