Aviation industry to be privatized: IPO chief

TEHRAN, March 1 (MNA) -- Flag carrier Iran Air and its subsidiary, Iran Air Tour, have been put on the list of state-run companies to be privatized as part of the program to privatize the country’s aviation industry.

Iran Privatization Organization (IPO) Director Gholamreza Kord Zangeneh announced the plan here on Sunday, adding that the Homa Hotel Group and some airports are also on the privatization list.


Except for the Civil Aviation Organization, which is the regulating body of the country’s air transportation industry, all other state-run aviation companies are going to be transferred to the private sector, IRINN quoted Kord Zangeneh as saying.


In 2007, Supreme Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei called on government officials to speed up the implementation of the policies outlined in the amendment to Article 44 of the Constitution, which calls for the privatization of state-run companies.


According to the Fourth Five-Year Economic Development Plan (2005-2010), the Iran Privatization Organization, affiliated to the Ministry of Economic Affairs and Finance, is responsible for setting prices and offering shares of state-run companies on the privatization list to the general public.





News Code 32612

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