Iran Air Urges Investment in Advanced Technologies

The CEO of Iran Air, the national flag carrier of Iran, emphasized the aviation industry’s significant contribution to the country’s gross domestic product (GDP), accounting for 9% of the total. Hossein Khanlari also stressed the need for continued investment in advanced technologies and innovation to enhance the industry, IRNA reported. Khanlari noted that the aviation industry has been one of the most transformative developments of the 20th century, revolutionizing global transportation and commerce. He described the airplane as one of humanity’s most impactful inventions, enabling rapid movement of passengers and goods worldwide.

Pillar of global economy
Khanlari highlighted the aviation industry’s role as a cornerstone of the global economy, facilitating international travel and trade. He underscored the importance of developing Iran’s aviation sector to capitalize on its economic benefits.

Challenges facing Iran’s aviation industry
The CEO pointed out several challenges, including the aging fleet of aircraft and outdated technologies, which he said could compromise flight safety. He also cited a shortage of skilled personnel as a compounding issue, calling for optimal use of existing legal frameworks and a focus on knowledge-based production to address these problems. Khanlari criticized restrictive regulations that hinder new entrants into the market, stifling competition and deterring investors. He also called for a revision of Iran’s foreign investment laws, which have not been updated in over two decades, to attract new capital and spur industry growth.

Irreplaceable service
Khanlari described air transportation as an irreplaceable service due to its time-saving and high-speed nature and noted that technological advancements could reduce fuel consumption and optimize aircraft performance, lowering costs and increasing profitability. Khanlari also underlined that addressing the industry’s challenges would not only benefit Iran’s economy but also improve the quality of air transportation services. - Iran Daily