Iran Air to be privatized in 2008

September 27, 2007

TEHRAN – Iran Air (HOMA) will be privatized next Iranian calendar year (to start March 20, 2008), said here Wednesday the road and transportation minister.

Talking to MNA, Mohammad Rahmati added that Majlis (Iran’s Parliament) has ratified the privatization of the HOMA and Iran Air Tour airlines, announcing the shares will be sold in Tehran Stock Exchange (TSE) next year.
The shares will be offered in the TSE due to the proposal of the Ministry of Economic Affairs and Finance, he said.
Iran Air operates services to 20 scheduled and five charter destinations. The cargo fleet operates services to 35 international and 25 domestic destinations. Its main base is Mehrabad International Airport, Tehran.
Iran Air Tour is a subsidiary of Iran Air and operates scheduled domestic services and international services in the Middle East, as well as charter services including Europe and its main base is Mashhad International Airport