Tuesday, 17 October, 2017

Iranian airline eyes flight operations in Pakistan

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The Iranian government has sought permission from Pakistani aviation watchdog to operate a new airline from various cities of the country, including Quetta.

Sources at the Pakistan Civil Aviation Authority (CAA) confirmed that Iran had sought flight permission for its Taban Airline, adding that Iran Air is already conducting flights to Pakistan.

Taban Air is an airline headquartered in Tehran with its main operational base in Mashhad. It operates international, domestic and charter routes as a scheduled carrier.

Sources said the application was under process and would be decided in due course of time. Iran has aggressive plans for its aviation industry and quite recently Iran’s national flag carrier Iran Air has signed memorandum of understanding with Boeing, expressing the airline’s intent to purchase commercial passenger airplanes.

Apart from state-owned Iran Air, private Iranian airlines are also expected to buy more aircrafts. The neighboring country has ordered about 200 aircraft from various western manufacturers since the international sanctions were removed following a nuclear accord.

Iran’s civil aviation authority says it needs 400 to 500 aircraft over the next decade to modernise its fleet. An official at the Ministry of Commerce said higher frequency of flights would further strengthen bilateral relations and open up trade and business opportunities between the two countries.

The official said both the countries have proposed to establish branches of their banks in Zahedan and Quetta in order to improve banking relations. Sources said till completion of formalities for regular banking by both the governments, the two sides will explore the possibility of establishing foreign exchange companies in the respective chambers of commerce
to guarantee payments between the traders of two countries. These exchange companies may be provided foreign exchange at the official rates as available to the banks.

Source: The News

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