Iran & Lufthansa Sign Memorandum of Understanding
On March 10, reports show that Iran and Lufthansa aviation sign a memorandum of understanding. They have come to an agreement to cooperate between the two parties in regards to logistic, maintenance, repair and overhaul services. Airline of the Islamic Republic of Iran (Homa) is set to be reformed by this understanding as well.
Lufthansa worked very close with Homa in regards to technical field issues, commercial activities, aviation IT systems, navigation mechanisms and restricting before this announcement.
After Lufthansa visited Tehran on March 9th, Abbas Akhoundi, Minister of Transport states that,
The country’s civil aviation fleet consists of 248 aircraft with an average age of 20 years, of which 100 are in storage.
In April 2016 direct flights from Munich to Tehran will resume with Lufthansa aviation.
Some officials believe that as many as 70 planes will return to service, as long as they fully supply old parts. This will increase production and sales for plane manufacturers, salvage firms and parts suppliers.
For example, Iran has a possible order of 500 commercial planes to upgrade their current fleet. Back in January, 118 planes were set to be purchased from Airbus for over $27 billion, this deal has yet to be finalized. There are still plenty of talks to purchase more carriers to add to their fleet from Boeing, Embraer, Bombardier, and ATR.
There will be some big things coming for Iran and Lufthansa. Hopefully this relationship will continue to prosper and flourish for both companies.
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Posted on March 17, 2016