Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

First BA flight to Iran in four years takes off after sanctions lifted

Thu, 01st Sep 2016 08:50

(ShareCast News) - The first British Airways flight in four years took off from London on Thursday in the latest symbol of thawing relations between the west and Iran after the lifting of sanctions.The airline, owned by London-listed International Consolidated Airlines (IAG), will offer six return flights a week from London Heathrow and Tehran, and a daily service will start later this year.BA's three times a week flights to Iran were suspended in October 2012, a year after the British embassy in Tehran was closed after being stormed by protesters over sanctions against its nuclear programme.In 2015 the embassy was reopened after a deal on Iran's nuclear programme was reached with the six world powers - UK, US, France, Russia, Germany and China. In January some sanctions were lifted after Iran had met its nuclear obligations.The first flight to Iran, Boeing 777 departed from Heathrow airport at 0910 on Thursday.BA, the airline which offered the first flights between London and Tehran in 1946, said: "The Iranians have been extremely helpful in setting up this important new route and have been as keen as we are for the service to start."Tehran is an important destination for British Airways and we wanted to ensure that the service we offered met the highest standards our customers rightly expect of us from day one."In April, Air France resumed flights to Tehran after a seven years.On Wednesday the first direct commercial flight since 1961 between the US and Cuba also took place, after the lifting of sanctions against the island nation.Shares in IAG were up 0.44% to 384.70p at 0932 BST.

Related Shares

More News
19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

19 Apr 2024 12:02

LONDON MARKET MIDDAY: Stocks down on Israel attack on Isfahan, Iran

(Alliance News) - Stock prices in London were down at midday on Friday, as equity sentiment suffered by worries of a conflict escalation between Iran ...

19 Apr 2024 08:49

LONDON MARKET OPEN: European stocks slump amid Middle East escalation

(Alliance News) - London's FTSE 100 traded lower in early exchanges, with sentiment hurt by worries of a conflict escalation in the Middle East, after...

18 Apr 2024 16:52

LONDON MARKET CLOSE: Stocks recover some of recent Fed talk losses

(Alliance News) - Stock prices in London closed up on Thursday, despite the prospect of higher for longer US interest rates hanging over stocks, while...

18 Apr 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

(Alliance News) - Stock prices in London were higher on Thursday afternoon, despite the prospect of higher for longer US interest rates hanging over s...

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.