Subscribe Free
in Air Transport

Iran looks for UK aircraft funding

Posted 9 May 2017 · Add Comment

Iran is currently negotiating the facilitation of financing of airliner sales to national carrier Iran Air with UK's export arm, according to a senior Iranian official quoted by Reuters.

Iran’s Deputy Roads and Urban Development Minister Asghar Fakhrieh-Kashan told Reuters that an offer has been received from UK Export Finance (UKEF), Britain’s export credit arm. The offer could potentially financially support the purchase of some of the Airbus aircraft built on EU territory.

“Not many banks are keen to finance and cooperate with Iranian airlines in fear of persisting sanctions, mostly by the US,” Amin Chini, aviation expert at iranaviation.com told AeroTime. “The financing issues have been solved for a number of aircraft but it still doesn't cover all of them.”

* required field

Post a comment

Other Stories
Advertisement
Latest News

Southern comfort

Jetex Flight Support’s latest building at Dubai South won the FBO of the year title at last October’s Aviation Business Awards. Dave Calderwood went along to find out why and also discovered other excellent facilities along the way.

Garmin introduces the GFC 600H helicopter flight control system

Garmin has launched the GFCTM 600H flight control system for helicopter owners and operators – a breakthrough in cost-effective technology that reduces pilot workload and improves mission effectiveness.

Pegasus Airlines is bouncing back and looking to new markets

Pegasus Airlines has released a statement saying it is looking forward to expanding after ‘weathering Turkey’s tough times for Turkey's aviation sector in recent years.’

TAV Airports revenue reached EUR 1.1 billion in 2017

TAV Airports Holding increased passengers served 10% and reached 115 million.

Double honours for Emirates Group Security and Transguard

Emirates Group Security and Transguard have cemented their industry leadership position by clinching two accolades at the 16th edition of the Sheikh Khalifa Excellence Awards (SKEA).

Algerian minister confirms bids submitted re cargo market tender

Algerian Minister of Public Works and Transport, Abdelghani Zaalane, has confirmed that four bids have been submitted to government regarding the proposed liberalisation of the country's air cargo market, reports ch-aviation.

SOFEX SK2018
See us at
Abu Dhabi AirExpo BT2018SOFEX BT2018AirportShow BT1502090518Aviation Africa BT18418Istanbul Airshow BT22018ArabianTravelMkBT250418MEBAA BT2018Global Aerospace BT2018BIAS BT271017161118