Iran said to approve first low-cost carrier

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Investors in Iran are said to be preparing to establish the country’s first low-fare carrier, named Izan Air, which is to begin operating during the summer of this year.

Reports from Tehran indicate that the company has been given permission to set up operations by the Iranian Civil Aviation Organisation.

Izan Air’s director general, identified as Hashem Afsarian, is cited in Iranian media as suggesting that the airline would use Boeing 737-300/400 aircraft. It would start services with three jets and increase its fleet to five within the first year.

Reports add that the carrier would offer fares about 10% lower than those of other carriers in the country. Izan Air suggests that it would operate to cities such as Tabriz in the north of Iran.