Air Transport World

To raise a profile; Iran Air, a one-class carrier since the Islamic Revolution, is resurrecting first class and aiming to rebuild its once-excellent service reputation. (company profile)

Iran Air, one-class carrier since the Islamic Revolution, is ressurrecting first class and aiming to rebuild its once-excellent service reputation.

TEHRAN-iran Air has maintained a low profile on the international scene since the Islamic Revolution. However, there are signs of change as the nation's relationship with the West improve-with the notable exception of the U.S.-and the government starts to promote visits by foreign tourists. Although it largely retained its prerevolution route network, except for transatlantic services, Iran Air became an all-economy carrier with the change of regime.

One of the present priorities for the management is to reinstate first-class service, initially on the Boeing 747 fleet. The airline's high rating among the traveling public during the 1960s and 70s resulted largely from exceptionally good cabin service in first class.

The changes in Iran Air started last summer, when the airline took delivery of the first of six Fokker 100s, the first new equipment introduced since the end of the 1982-88 war with iraq. They were financed partly from the airline's own resources and partly by Iranian banks, and are being amortized over a 12-year period. Six Airbus A300B2s delivered between 1979 and 1982 were financed by a government loan that is being repaid from revenues. There are no outstanding debts with respect of the rest of the iran Air fleet-four 747SPs, two 747-200s, one 747-100, two 747 freighters, four 707s-one a freighter-four 727-200s, two 727-100s and three 737-100s.

Iran Air is owned entirely by the government of iran. The company's capital is 20 billion rials, equivalent to $288 million at the official exchange rate, or $14.4 million at the free-market rate. Capital reserves are in the balance sheet and these could be used to increase the capital, comptroller and financial adviser to the chairman Davood Aghvami told ATW. …

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