News ID: 118038
Published: 0833 GMT May 13, 2015

Germany eyes lucrative Iranian aviation market

Germany eyes lucrative Iranian aviation market

Germany set its sights on the profitable Iranian aviation market as the Islamic Republic seeks to refurbish its aging fleet, said German Deputy Economic Minister Brigitte Zypries in Berlin on Wednesday.

Speaking at a European aviation and aerospace conference, Zypries said, "The Iranian market needs to be opened up. Germany has always had special relations with Iran," IRNA reported.

Therefore, not only German companies, but also the country’s German political system are preparing to enter the Iranian market, she added.

German companies have repeatedly urged their government to show greater political support for Iranian trade relations by embarking on ministerial visits to Tehran.

The north German city of Hamburg is home to the development and engineering of all Airbus aircraft, including the final assembly of the A318, A319, A320 and A321.

Iran has been barred by sanctions from buying Western aircraft since the 1970s. However, negotiations over its nuclear program with the United States and other world powers that are set to come to close next month have raised hopes that the sanctions will be lifted by the June 30 deadline.

Earlier, a top Iranian aviation official said the country’s airliners would need to order 400 new aircraft over the next 10 years.

Resource: IRNA
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