Tehran plans to privatize Iran Air

LONDON, April 29 (IranMania) - The Iranian minister of roads and transportation has announced Tehran's plans to privatize the country's leading airline, Iran Air, PressTV reported.

"We are ready to offer the Iran Air Company's shares to interested buyers," Mohammad Rahmati told Mehr News Agency on Sunday.

"Details of its sale process will be announced later by the country's Privatization Organization, which is tasked with the responsibility to oversee Iran's privatization program and procedures," he added.

The Iranian minister stressed that Iran Air, like the country's other airlines, was a profit-making company.

Iran Air, also known as Homa, is Iran's national flag carrier. It operates flights to 20 scheduled and five charter destinations, while its cargo fleet flies to 35 international and 25 domestic destinations.

The Tehran-based company currently owns 54 aircrafts, which is a record number of planes in the more than four decades it has been providing service to passengers from all over the world.

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There go the SP's.