Iran's Minister of Roads and Urban Development, Abbas Akhoundi said talks are underway with foreign aviation companies to ensure $60 billion investment worth to buy 550 new planes.
"We need 550 more planes which require $60 billion investment. To this end we are discussing the issue of finance package with foreign aviation companies to ensure this investment," Fars News Agency quoted Akhoundi as saying on Sept. 2.
He also noted currently Iran 's airlines operating with a fleet of 288 aircrafts.
The Iranian minister went on to say that a total of 59 airports are operating in the country of which only eight have international status.
Last year, Ali Reza Jahangirian, head of Iran 's Civil Aviation Organization said the country's airliners would need to order 400 aircraft over the next 10 years to replace its depleting and aging fleet.
Out of Iran 's 250 commercial planes, about 150 were flying while the rest are "not functional" due to a lack of spare parts, the Iranian official said at the time.
Iran's four largest carriers -- Iran Air, Aseman Airlines, Mahan Air and Iran Air Tours -- all have average fleet age above 22 years, according to the Iranian media outlets.
Affirming Cathay’ ongoing commitment to growing Hong Kong’s connectivity with Belt and Road countries, Cathay Pacific is pleased to announce plans to launch direct flights to Almaty,...
Which strategy leads to cost-effective, climate-friendly aviation in 2070? Four scenarios from the Bauhaus Luftfahrt think tank illustrate the impacts of different transformation paths. Key points: In...
ExecuJet MRO Services Australasia is expanding its Falcon maintenance capability in Sydney, with new investments in specialist tooling, training and technical resources to support upcoming Falcon 7X h...
The European tour of Daher Aircraft’s “go-anywhere” Kodiak 900 multi-role airplane continues this week at the France Air Expo 2026 event in Lyon, France, where it will join a fast, e...
