Turkish Airlines Backtracks on Guarantee Demand

TIN news: The state-owned Turkish Airlines has decided not to increase the bank guarantee it had recently demanded from Iranian travel agencies. Previously, the airline had sought to increase the 300-million-rial ($8,333) guarantee to four billion rials ($111,111), much to the dismay of Iranian travel agencies doing brisk business with the northweste neighbor. However, Mohammad Hassan Kermani, head of Iran’s Association of Air Transport and Tourist Agencies, told the Ministry of Roads website that ...