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7 Feb, 2014

Lufthansa eying renewed business in Iran


Feb 6, 2014 (PressTV) – Germany’s main carrier Lufthansa is weighing up the potential of further sanctions relief against Iran with a view to resuming work in Iran, a senior Lufthansa official says.

“Iran is going to be an interesting development for us,” Carsten Schaeffer, Lufthansa’s vice-president for sales and services, was quoted as saying in Dubai.

Schaeffer, who recently visited Tehran, said Iran, a country of 75 million, represents an important opportunity for Lufthansa. “Obviously, airlines provide the interchange business and create new traffic streams and so we are looking forward to what is happening in Iran,” he said.

European companies are competing to invest in Iran following the easing of sanctions against the country in light of the implementation of Tehran’s nuclear deal with world powers.

On January 20, the European Union Council suspended part of its sanctions against Iran based on the Geneva nuclear deal between Iran and six world powers -the United States, France, Britain, Russia, China and Germany- which was signed last November.

A recent report by the US-based magazine Foreign Policy, more than 100 German companies are currently doing business in Iran. “As these corporations flood into Iran, their new investments could inject as much as USD 20 billion into the Iranian economy,” the report said.

Earlier this week, a 116-strong French delegation visited Iran for commercial opportunities. The French delegation was the largest of its kind from Europe since last November’s landmark nuclear deal was signed between Iran and the world powers in Geneva.