Iran to ground airlines if debts remain unsettled
- Iran: Wednesday, January 09 - 2013 at 03:20
Airlines in Iran have been given seven days to repay debts they owe to the oil ministry for fuel or face being grounded, Reuters has reported. The demand for payment comes amid continued economic pressure from sanctions over Iran's disputed nuclear programme which have more than halved its revenue from crude oil sales. "Based on meetings with officials from the Civil Aviation Organisation, it was agreed that all airline companies have seven days to clear their debts to the National Oil Refining and Distribution company," deputy oil minister Alireza Zeighami said. The total amount of payments outstanding amounted to more than $200m, two-thirds of which was owed by domestic carriers, he added. Zeighami did not say which companies were in debt but Iranian media have reported that they include Mahan, Aseman and Zagros airlines.
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