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Wednesday, September 9, 2015

Aerospace

Iran's aviation industry: Back in business?

An Iran Air 747 on the tarmac at Tehran's Mehrabad Airport. Some of the airline's planes have been in service since before the country's 1979 revolution.
International investors from industries spanning energy, finance and software are clamoring to enter the region's second largest economy, worth around $400 billion even under sanctions.
Tehran has become a hot destination for foreign delegations, jockeying for position ahead of the lucrative new market opening for business.
But while many industries still face a tough task navigating sanctions, civil aviation has been given a fast track.
The nuclear agreement explicitly prioritizes "the sale of commercial passenger aircraft and related parts and services to Iran."

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