Came across a recent story on Iran Air's attempts to privatize the airline:
Iran Air CEO Farhad Parvaresh was recently quoted as saying that the airlines shares "Are currently valued at 14.4 trillion rials (some $1.2 billion)" and that he "Plans to sell half its shares plus one on the stock market by the end of the current Iranian calendar year (March 19, 2012)" i.e. within the next 3 weeks.
Considering Iran Air's historical financial performance, the run-down state of its tangible assets and also the huge (relatively) workforce overhead, it looks like the value of the airline has been significantly overstated. Obviously Mr Parvaresh doesn't want to "undersell" his airline, but at the same time needs to be realistic about the technical condition of Iran Air's aircraft given the major difficulties they experience with maintenance and air safety standards that have resulted in all of their Boeing 747's & 727's along with their A320's being banned from EU airspace by the European commission:
It would be interesting to get some thoughts from fellow anet users on the current realistic value of Iran Air, supposing that an airline with crippling sanctions possesses any shareholder attraction in the first place..?