ArabianBusiness.com - Middle East Business News
Wednesday, 03 December 2008 02:52 UAE time

YOUR DIRECTORY /

Print this page Print this page | Email this to a friend Email this to a friend | Discuss this article (1 Comments) |

Ahmadinejad heads for final frontier

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 24 February 2008

Things are looking up for Iran and President Ahmadinejad. About 250km up, to be precise, where the Kavoshgar (‘Explorer') probe has begun sending real-time data back to earth. Sent into space on the back of a rocket whose launch prompted international concern, Kavoshgar is touted as preparation for the launch of the first home-produced Iranian satellite later this year, and is another firm statement of intent from a nation characterised by its unrelenting technological ambition.

Iran's neighbours' ambitions lie a little closer to the earth's surface, although still a fair way up. Iraq last week announced that it had agreed to buy 40 new aircraft from US plane maker Boeing and six from Canada's Bombardier for state-run Iraqi Airways in a deal worth up to US$5bn.

A ministerial committee was formed and has agreed to buy 40 planes from Boeing, and four other used ones from Boeing and six new planes from Bombardier," Bangeen Riqani, deputy minister of transport, told reporters.

Story continues below
advertisement

The news followed an earlier government statement that said Iraq would buy the 40 Boeing jets, and had agreed an option for 10 more. The Boeing jets are due for delivery in 2015, and the Canadian aircraft are due this year and in 2009, according to Riqani, who declined to reveal any details on the type of aircraft involved in the deal.

The purchases will help the government to open a series of new routes from Baghdad to Arab countries and other world capitals, including London, Frankfurt, Karachi and Manama. To help fund the growth, the government is selling majority stakes in three Iraqi Airways units to private investors to raise around US$100m.

The government will sell stakes of between 60 and 65% in the carrier's ground handling, maintenance and catering units, allowing the airline to invest in a respectable fleet: it currently owns just two aircraft, and leases a limited number of other planes.

So satellites and superjumbos will no doubt be on the agenda when Ahmadinejad visits Baghdad next month, for the first visit by an Iranian president to Iraq. He is expected to meet Iraq's President Jalal Talabani and PM Nouri Maliki during a two-day visit, and the thorny topic of US-led sanctions will surely come up too.

After all, restrictions similar to those currently hobbling Iran caused Iraq's national carrier to ground its planes in the early 1990s - a blow from which it is only just recovering.

Back in Tehran, a spokesman for Iran's space organisation revealed that Kavoshgar would be returning to earth, although he declined to explain exactly how. Surely an invitation, you would have thought, for the US to offer the services of that shiny new anti-satellite missile technology it has been waving about for the last few weeks? Or would that constitute cooperation?

Print Print | Email Email | Discuss this article |


READERS' COMMENTS



Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments
Security Code * Code


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

From  Current Issue

RELATED LINKS

  1. Boeing International Corporation»
  2. Iraqi Airways»

 EMAIL ALERTS

  1. Boeing International Corporation

  2. Iraqi Airways

  3. Politics & Economics



EMIRATES ID DOWNLOAD

READER COMMENTS

  1. Catch me if you can 6
    02 Dec ' 08 at 15:32
    I am a Bangladeshi living in Thailand. Even though I cannot vote in Thailand's election, I support Thaksin. I sell roti on a street...  More »
  2. Mumbai attacks 'grave setback' to peace process 3
    02 Dec ' 08 at 13:14
    I found an interesting article concerning the topic which was summarized in my previous posting. I hope Arabian Business allows me to...  More »
  3. Companies facing Saudization jobs crackdown 1
    02 Dec ' 08 at 09:34
    It can't be forced.The first thing Mr. Al Gosaibi should try to discover is whey are there files for fake Saudi employees.He has to dig...  More »
Read all user comments >

BUSINESS FEATURES

White truffle prices collapse

The wealthy pare back on luxuries and charity as the global economic slowdown continues to bite.

Down and out in Beverly Hills: Rolexes, Picassos hit pawnshops

Beverly Loan is a pawnshop that caters to people who hock Cartiers, Harleys and Oscar statuettes.

‘Poor but sexy’ Berliners shrug as crisis hits

For Berlin it's no-business as usual amid the credit crisis as they had little to lose in the first place.

BUSINESS INTERVIEWS

Catch me if you can

EXCLUSIVE: Former Thai prime minister Thaksin Shinawatra talks to Arabian Business about what he plans to do next.

Is this it?

Gulf Research Centre's Dr Eckart Woertz on how far reaching economic global uncertainty could prove to be.

East meets West

HM Ambassador Edward Oakden describes how he plans to build trade relations between Britain and the UAE.

MORE FROM ARABIANBUSINESS.COM