CAO says welcomes public investments to renovate air fleet
The head of Iran’s Civil Aviation Organization (CAO) said the agency is capable of offering multiple investment packages in various fields, including the purchase of wide-body and light aircraft, and welcomes the presence of investors, especially small public investments, in such areas.
Hossein Pourfarzaneh was cited by IRNA as saying that to transition from government investment to attracting public and small-scale capital, several methods are used globally, including directing capital towards the stock market, bonds, and bank investments.
Pourfarzaneh underlined that such methods in Iran face risks, and especially in the stock market, people invest their capital with doubt and hesitation.
“Another method we have adopted is to receive small investments from the public and involve them in the investment, so that they themselves can be stakeholders. In this regard, we encouraged collective investment funds and provided the necessary groundwork for them to participate and be present in the aviation sector,” the official said.
“We also invited investors who were previously active in the housing sector to cooperate and participate. In this regard, we encouraged and persuaded three groups of these investors, who were mass housing developers, to enter the aviation industry,” he added.
Pourfarzaneh expressed hope that through the said method and the use of people-centered systems, there would be a quantitative and qualitative improvement in the country’s air fleet by the end of the year, and investments that were sometimes idle and unproductive would be funneled into the country’s productive aviation cycle.