Seoul-based Korea Airports Corporation (KAC) has appointed an agency to sell its navigational aid systems and airport equipment in Iran.

The contract was signed with Tolid Malzomat Bargh (TMB), a firm that designs and manufactures electrical equipment Iran, according to local media reports.

TMB will promote sales of  KAC's instrument landing systems and signal analysers.

According to its website, KAC operates and manages 14 airports across South Korea including 10 VHF omnidirectional range and tactical air navigation systems (Vortacs) as well as the Korea Civil Aviation Training Centre.

MEED understands the new aircraft Iranian airlines have been or are planning to acquire requires airports to update their air navigational systems.

There are major plans to modernise many of Iran’s airports.   One of the most advanced airport projects in the Islamic Republic is the expansion of the Shahid Hashemi Nejad International airport, located in the country’s second-most populous city of Mashhad.

France’s Vinci Airports earlier signed a build, operate and transfer (BOT) agreement with Iran Airports Company for the development of the Mashhad airport and another airport in Isfahan.

It is understood that both schemes had already received a mandate from the French government for financing.