INSEAD Day 4 - 728x90

BYD logs record EV sales in 2025

It sold 2.26m EVs vs Tesla's 1.22 by Sept end.

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

Half of Iran’s civil jets grounded for lack of spare parts

More than half of Iran's fleet of civilian aircraft is grounded due to a lack of spare parts.
  • The shortage represented more than half of the civilian aircraft in the sanctions-hit country, he said in an interview this week
  • According to the Iranian economic daily Financial Tribune, national carrier IranAir currently operates a fleet of 39 planes, the majority of them Airbus jets

More than half of Iran’s fleet of civilian aircraft is grounded due to a lack of spare parts, the deputy head of the country’s airlines association has said.

“The number of inactive planes in Iran has risen to more than 170… as a result of missing spare parts, particularly motors,” Alireza Barkhor said in an interview with state news agency IRNA.

The shortage represented more than half of the civilian aircraft in the sanctions-hit country, he said in an interview this week.

“If this trend continues, we will see even more planes grounded in the near future,” Barkhor was quoted as saying.

“We hope that one of the priorities of the government will be helping to finance airlines so that they are able to provide the spare parts to refurbish the grounded planes,” he added.

According to the Iranian economic daily Financial Tribune, national carrier IranAir currently operates a fleet of 39 planes, the majority of them Airbus jets.

Iran’s economy has struggled under sanctions that were lifted after a landmark nuclear deal in 2015 but reimposed again after the US withdrew from the pact in 2018.

In 2016, following the lifting of sanctions, Iran concluded deals to purchase 100 Airbus jets, 80 Boeing planes and 40 ATR aircraft.

But the Islamic republic received only 11 planes as deliveries were interrupted following the reimposition of sanctions, according to the daily.