The government-owned Iranian flag carrier, IranAir, is set to sell the majority of its stocks. It was announced today when the Iranian President and several Ministers attended IranAir’s 55th birthday at Tehran-Mehrabad Airport. The minister of Road and Urban Developments, Abbas Akhundi, declared that Iran Air seeks sales of its shares on international markets. Both he and the President urged that Iran must regain its in the air industry.

“We seek to implement international standards on the airlines of Iran.”, Akhundi said. Iran has recently hosted conferences related to air safety and standards, including those held by ICAO and IATA. Iran is also trying to complete the adaption of the European EASA aviation standard rules.

More than half plus one stock will be put on the stock market, privatizing the majority of the airline. It is yet unclear when such a process will begin and its more specific conditions.

Photo: Iran’s Ministry of Road and Urban Developments