The low-cost airline company has entered into negotiations with a number of investment companies namely Bank Melli Iran, Bank Saderat Iran and the Pension Fund.
The airline will be launching services with a fleet of 181-seater Boeing 737s, however, it is said that its negotiations with Fokker on the purchase of a number of Fokker-100s have run into rough weather, the Persian service of Fars News Agency said here on Friday.
Like many other low-cost airlines, by dropping a number of services to its passengers Izan Air would significantly reduce its ticket fairs; omitting snacks and making use of multi-skilled flight crew as well as economical airliners would be the measures to be taken to that end.
Fares on the low-cost airline are expected to be up to 10 to 15 percent cheaper than competitors. Iran is looking to develop its airline industry as the demand for travel grows.
RA/MA
END
MNA
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