full-throttle
3rd May 2013, 19:33
In an astonishing display of arrogance the CEO of Iran Aseman Airlines, Kambiz Babaei, has ignored his airlines obligation to repay its outstanding debt of $100Million to the Iranian nation and instead splashed out on signing a football sponsorship deal:
To quote one of the numerous media articles reporting on the huge debt that Iran Aseman Airlines owes to the Iranian nation:
"Also speaking, Alirza Zeighami, Chief Executive Officer, National Iranian Oil Refining and Distribution Company, said in February, representatives of the (Iran) Aseman Company not only did not pay their debts, but also refused to attend meetings regarding these financial problems.
Iranian airlines owe oil firm $467m (http://www.vanguardngr.com/2013/03/iranian-airlines-owe-oil-firm-467m/)
Iran Warns Airlines: Pay Debt Or Face Grounding*|*AviationBrief ? Your Daily Aviation Intelligence Brief (http://www.aviationbrief.com/?p=10961)
What business does Kambiz Babaei have in squandering vital funds on football sponsorship when his airline owes a huge amount of money to the Iranian people? The only logical explanation is that he is feeding his own ego. It's no wonder that he is afraid to show his face at meetings to resolve the outstanding debts.
How disappointing that such a person should be the CEO of an airline.
Iran Aseman | Latest news on Iran Aseman | Iran Aseman photos - Rediff Realtime News Search (http://realtime.rediff.com/news/Iran-Aseman)
To quote one of the numerous media articles reporting on the huge debt that Iran Aseman Airlines owes to the Iranian nation:
"Also speaking, Alirza Zeighami, Chief Executive Officer, National Iranian Oil Refining and Distribution Company, said in February, representatives of the (Iran) Aseman Company not only did not pay their debts, but also refused to attend meetings regarding these financial problems.
Iranian airlines owe oil firm $467m (http://www.vanguardngr.com/2013/03/iranian-airlines-owe-oil-firm-467m/)
Iran Warns Airlines: Pay Debt Or Face Grounding*|*AviationBrief ? Your Daily Aviation Intelligence Brief (http://www.aviationbrief.com/?p=10961)
What business does Kambiz Babaei have in squandering vital funds on football sponsorship when his airline owes a huge amount of money to the Iranian people? The only logical explanation is that he is feeding his own ego. It's no wonder that he is afraid to show his face at meetings to resolve the outstanding debts.
How disappointing that such a person should be the CEO of an airline.
Iran Aseman | Latest news on Iran Aseman | Iran Aseman photos - Rediff Realtime News Search (http://realtime.rediff.com/news/Iran-Aseman)