DETA737
Topic Author
Posts: 617
Joined: Sat Oct 07, 2000 3:47 am

Shah Of Iran And Pan Am

Thu Feb 28, 2002 12:46 pm

I remember reading in some business magazine from the 70s, perhaps financial times about the Shah of Iran's investments in US companies. It mentioned his financial stakes in all sorts of US corporations including Pan Am. Supposedely he wanted to purchase a large share of the airline but wasn't allowed to.
 
DELL_dude
Posts: 318
Joined: Wed Jun 13, 2001 2:58 pm

RE: Shah Of Iran And Pan Am

Thu Feb 28, 2002 2:21 pm

That's probably true. I remember that in 1995 a Saudi Prince invested a large sum of money in TWA. That's also around the time TWA started service into Riyadh.
 
TOMASKEMPNER
Posts: 389
Joined: Wed May 02, 2001 3:21 pm

RE: Shah Of Iran And Pan Am

Thu Feb 28, 2002 3:30 pm

I also heard that the Shah of Iran was a potential buyer for the Concorde.
 
CV990
Posts: 4224
Joined: Sat May 22, 1999 3:49 am

RE: Shah Of Iran And Pan Am

Thu Feb 28, 2002 9:50 pm


Hi!
I think that had to do with IRAN AIR back-up given probably by PAN AM. Please don't forget that some aircrafts from IRAN AIR where ex: PAN AM look at this:

EP-IRJ - B.707-321BA ex: N416PA Clipper Paul Jones
EP-IRK - B.707-321CF ex: N445PA Clipper Archer

Also I know that the Shah of Persia had a personal B. 707-386C - EP-HIM, had a great livery I think but I've never seen a photo of that aircraft. Now is with IRIAF as 1001!
Regards
CV990, the Maserati of the skies!
 
aerosol
Posts: 497
Joined: Mon Oct 23, 2000 10:31 pm

RE: Shah Of Iran And Pan Am

Thu Feb 28, 2002 10:19 pm

Concerning foreign ownership in US airlines:
"Airlines still have to be substancially owned and effectively controlled by their own nationals even though minority ownership by foreign ownership by foreign individuals or companies may be permitted. In the United States the position is still that only up to 25 per cent of foreign ownership of its airlines may be allowed, despite the recommendation of the National Commission to go to 49%."
Taken from:
The airline business in the twenty first century

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