By John Lee.
A report from the Financial Times claims that an Iraqi company has helped to Iran acquire nine large commercial aircraft, in defiance of international sanctions.
According to the report, Iran's Mahan Air, which is blacklisted by the US and Europe because of alleged links to Iran’s revolutionary guard -- allegations denied by the airline -- used the small Iraqi Al-Naser Airlines as a front to buy more aircraft worth more than $300-million.
Al-Naser denies the allegation. Eyad Abdelkarim, head of marketing for Al-Naser, told the FT:
“I don’t have any information about this ... This is some kind of propaganda ... There is no truth to the information you have received.”
Until 2014, Al-Naser was owned by Iraq’s powerful al-Khawam family, as part of their Riyadh Investment Group. It was then sold to Firas al-Mayyali, who is involved in foreign exchange trading in Baghdad.
(Source: Financial Times)