IATA: Iran’s Aviation Industry to Witness Great Boom after Sanctions Removal

IATA: Iran’s Aviation Industry to Witness Great Boom after Sanctions Removal

TEHRAN (Tasnim) – The International Air Transport Association (IATA) has forecast that Iran’s aviation industry will experience a massive boom following the recent nuclear deal between Tehran and world powers and the ensuing lifting of anti-Iran sanctions.

“It (boom in Iran's aviation industry) is going to be huge,” Tony Tyler, IATA Chairman and Chief Executive, told reporters at the IATA Aviation Day Middle East and Africa conference in Abu Dhabi earlier, PressReader reported on Tuesday.

Tyler added IATA would look to advise the Iranians on modernizing their aviation operations, admitting the association wants to have “a strong presence in the country.”

The world’s largest airline body predicted there will be 31.6 million new flyers in Iran by 2034 if all current sanctions and constraints against Tehran are removed.

There are currently 12 million domestic and international passengers in the Iran market, meaning passengers will increase to 43.6 million by 2034.

Iran represents one of the Middle East’s largest potential aviation markets with a population of 80 million.

Tehran and the Group 5+1 (also known as P5+1 or E3+3) on July 14 reached a conclusion over the text of a comprehensive 159-page deal on Tehran's nuclear program.

The nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), would terminate all nuclear-related sanctions imposed on Iran after coming into force.

October 18, was the so-called “adoption day” for the deal, which came 90 days after the two sides concluded their intensive negotiations in the Austrian capital of Vienna.

The Iranian parliament on October 13 voted to pass the details of a motion to implement the nuclear agreement.

The bill allows the Iranian administration to voluntarily implement its July 14 nuclear agreement with the world powers under certain conditions.

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