- Domestic Market Growth & Demand
- Shia Muslim Pilgrimage Potential
- International / Bilateral Accords Needed For Growth
As one of the oldest airlines in the world, Iran Air‘s foray in 2016 to renew and expand its fleet has captured many a headline. Unlike its GCC neighbours, Iran is home to a huge population of almost 80m, many of whom were born after the Islamic Revolution of 1979 – a population that has untapped demand and a desire to travel far and wide.
While Shia Islam religious pilgrimages have been a stalwart source of economic activity, particularly in tandem with Shia majority-populated neighbouring Iraq, domestically and regionally, Iran has enough potential to further stimulate demand.
The real challenge for Iran Air is how it goes about its international expansion plans – without this, the airline will never absorb the new Airbus and Boeing jets it plans to procure.