Iran's Overflight Revenues Reach $113m Last Year

EghtesadOnline: Iran Airports Company earned 17,000 billion rials ($133 million) as overflight revenues in the last fiscal year (March 2018-19), which indicates a 14% decline compared with the year before, according to Siavash Amirmokri, managing director of the company.

News ID: ۷۴۹۲۴۰

21 December 2019

Noting that overflight fees account for 68% of Iran Airports Company revenues, he said, “About 900 planes pass through Iran’s airspace daily.”

“The number of aircraft flights that transit Iran’s airspace declined for a short period of time after the emergency order by the US Federal Aviation Administration [in June which prohibited US operators from flying in an overwater area of Tehran-controlled airspace over the Strait of Hormuz and Sea of Oman]. But it has again resumed growth,” Amirmokri was quoted as saying by Mehr News Agency.

The US restriction banning the use of Iran’s airspace added to the flying time of flights from India to the US and Europe, and made tickets more expensive, according to Financial Tribune.

"Iran’s absolutely indispensable skies are the most financially viable corridor for air transportation in the region," the official was earlier quoted as saying.