Iran eyes to manage airplanes re-fueling issues despite sanctions

Business Materials 26 November 2018 15:03 (UTC +04:00)

Tehran, Iran, Nov.26


Iran Ministry of Roads & Urban Development is set to manage the fueling of its airlines under US re-imposed sanctions.

"Due to previous experience, we will manage the fueling of Iranian planes in some countries and successfully pass the obstacles," Deputy Minister of Roads & Urban Development indicated Ali Abedzadeh told Tasnim news agency.

Iran's aircrafts were under US sanctions before the sign of nuclear deal, however Trump administration's leaving the Joint Comprehensive Plan of Action, and later resuming sanctions, has created problems for Iranian airlines.

Some Iranian airliners were not allowed to refuel in Turkey's Istanbul airports recently and had to cancel at least one flight, while other carriers had to cut the number of passengers on board in order to fly on less fuel.

International oil companies operating at Beirut's airport have also warned against fueling airlines that are affected by the US sanctions against Iran.

"In this regard we have plans to provide fueling to Iranian airlines in other countries, which of course we do not announce," said Abedzadeh.

The rise of foreign currency rate and devaluation of Iran national currency (rial), affected the flight tickets, while many foreign airlines have quit operating in the country due to US sanctions.

"The policy of Iran Civil Aviation Organization over ticket fares is the same as we discussed. The Central Bank of Iran (CBI) provides the Forex currency rate for the aircrafts through Integrated System for Hard Currency Transactions (NIMA) and airlines choose the ticket prices accordingly," he added.

Abedzadeh went on to add that the ticket prices for foreign airlines have greatly reduced last week.

"The flight tickets during peak season are different. The fare should be controlled by the airlines and they should favor customers, because the people will not choose an expensive airline," he added.