Air France cuts back on Iran flights, blames weak demand

Air France is cutting its Joon subsidiary's service between Paris and Tehran to the summer season only, blaming a poor economic performance over 2 years in operation. Air France's move comes amid international uncertainty over whether US president Donald Trump will pull out of a nuclear deal with Iran, although a spokeswoman said the decision was not linked to the political climate with Iran. "This just shows how the uncertainty on the Iran deal is beginning to have an impact on the business sentiment towards Iran," said a European diplomat. Bankers and others involved in business with Iran say they have been reluctant to travel to the country to close deals or negotiate the financing of existing ones because of uncertainty over the status of underlying US sanctions, even before the latest standoff. <br/>