Iran Air moves closer to privatisation

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Iran's government appears to be moving closer to privatising flag carrier Iran Air, with the valuation of the airline now complete.

The Iranian Privatization Organization (IPO) said that 50% plus one share of the carrier would be divested "in the near future".

IPO said in 2009 that the Homa Hotel Group and affiliated holiday carrier Iran Air Tours would be divested separately, and Iran Air would follow.