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Bombardier in talks with Iran to supply aircraft for new airline

Bombardier Inc. has discussed prospects for a new airline in Iran as companies look to get a share of the country’s largely untapped aviation market after economic sanctions were lifted three months ago.


April 25, 2016
By Bloomberg News

Officials from the country’s Qeshm Free Zone held talks in Tehran with Pierre Beaudoin, executive chairman of Bombardier’s board, on a project to set up an airline for the southern Qeshm island, according to a spokesman for the free zone. The island, located in the Persian Gulf, needs to invest in air transportation as part of plans to boost revenue from tourism, the person said by phone from Tehran.

Aerospace companies are looking to gain footholds in Iran after economic sanctions starved the nation of technology and capital. Boeing Co. held talks with Iranian airlines earlier this month, and President Hassan Rouhani ordered 118 jetliners, worth about $27-billion (U.S.), from Airbus Group SE in January. | READ MORE