Economics
Iran Air Seeks Share Sale to Grow Amid Sanctions, Chairman Says
This article is for subscribers only.
Iran Air, the state-owned flag carrier, plans to sell its first shares to the public and buy as many as 100 new aircraft to expand in the face of tighter international sanctions, the company’s chairman said.
Iran Air is seeking to modernize its aging fleet of foreign-built jetliners, which it operates amid political obstacles to the purchase of new planes and spare parts from European suppliers including Boeing Co. and Airbus SAS, Chairman Farhad Parvaresh said.