Syria, Fleet and Airport Expansion
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Syria has secured $250 million in financing to modernize Syrian Airlines' fleet with up to 10 Airbus A320 planes, as part of a broader effort to revitalize its aviation sector and redevelop Damascus International Airport.
The deal, led by Qatar's UCC Holding, aims to enhance the national carrier's competitiveness amid growing foreign investment in Syria's post-war economy. The agreement is part of a $4 billion airport redevelopment project involving UCC Holding, US-based Assets Investments, and Turkish firms Cengiz, Kalyon, and Tav, within a $14 billion strategic investment package. The modernization addresses Syria's long-neglected aviation infrastructure, severely impacted by years of civil war.
Gulf aviation authorities are urging the International Air Transport Association and ICAO to support Syria's aviation growth, emphasizing regional connectivity. Experts suggest that lifting US and European sanctions could trigger a boom in Syria's aviation sector by enabling access to certified parts from Airbus and Boeing, improving safety and reliability.
Easing visa restrictions could further boost air travel. International airlines, including Emirates, Qatar Airways, and Turkish Airlines, have resumed flights to Damascus. Syrian Airlines, operating a fleet of 12 planes (mostly parked), and private operator Cham Wings have struggled with aging aircraft and parts shortages, often resorting to black-market sources. Sanctions relief could allow legal procurement and future aircraft orders, revitalizing the sector.
The airport expansion aligns with other multibillion-dollar regional deals for infrastructure projects like power stations and subways, signaling Syria's economic recovery.