All airlines that don't pay off their debts to the oil ministry for jet fuel will be grounded, the Iranian Roads and Urban development minister said on Friday. Ticket prices were increased by 65% in order to cover jet fuel costs, this leaves airlines with no excuse for not paying their debts, the ISNA News Agency quoted Ali Nikzad as saying. It ...

Todays top headlines in Iran include AhmadinejadinauguratingShahroud gas power station; a seven-day deadline for airlines to pay fuel debt to Iran's Oil Ministry;Former ReformistInterior Minister remarks over releasing Green movement leaders that are being kept under house arrest and Supreme Leader Ayatollah Seyyed Ali Khamenei statements on enemies ...

(Reuters) -AirlinesinIranhave seven days to repay more than $200 million in debts they owe to the oil ministry for fuel or face being grounded, a senior official was quoted as saying on Tuesday. Severalairlineshave amassed large debts due to the pressure of successive fuel price increases and the loss of access to government-subsidised foreign currency ...