Airline & Steel Industry

40% of Iranian Aircrafts Out of Order

Ministry of Roads and Urban Development says that Iranians annually spend between 3 to 4 billion USD to buy flight tickets from foreign airliners.
Another motivation for Iran to improve its civil aviation. Currently out of 273 aircrafts in Iran, 110 are inactive, i.e. 40% is out of work.
Average age of the Iranian active aircrafts is nearly 30 years, this figure for Lufthansa is slightly more than 10 years and for Turkish Airline only 6 years.
Top three Iranian Airliners are Iran Air (Homa), Mahan Air and Iran Aseman Airlines, who try to offer the best service that their equipment permit.

Would Foreigners Buy Esfahan Steel Company?

Esfahan Steel Company tries to sell 73% of its share in Iran Farabourse, an over-the-counter market in Iran. The initial price for the whole block was set $682 million. No buyer was interest in the offer.
Esfahan Steel Company wants to reach an annual production of 3.2 million tonnes by March 2017, i.e. 0.8 million tonnes more than the current capacity.
While no-one has shown interest in the market, the company says that it has offers from Luxembourger and South Korean companies.
However, taking into account the $1.73 billion debt of the company, makes the claim a bit questionable.