Tehran IndexTehran Index
Live

Research layer for Iran's digital economy

Dashboard
Research
CompaniesSectorsEcosystemSignalsEvidenceInsights
Data products
App IndexForeign ExposureListed CompaniesThe Tehran IndexSector Briefing
Workspace
SearchWatchlistMy Desk
Governance
MethodologyScope & StandardsData termsAbout
TI Weekly. Five source-linked developments and one analysis note, every Friday.
Order a company dossier
Tehran IndexTehran Index
Tehran IndexTehran IndexMapping Iran’s Innovation Economy
Explore
CompaniesSectorsSignals
Standards
MethodologyScope & StandardsThe BenchmarkCorrectionsData termsPrivacyAboutInstitutional access
Contact
desk@tehranindex.comLinkedIn

Tehran Index is not affiliated with the Tehran Stock Exchange (TSE) and publishes no securities index of its own; exchange closing prices shown for tracked listed companies are public reference data (TSETMC / IFB). Tehran Index publishes independent research: every claim is sourced, every named company is resolved to the registry, and every figure carries its evidence state. It is not investment, legal or compliance advice. Tehran Index covers business, technology and markets only. © 2026 Tehran Index. All rights reserved.

HomeSearchWatchlistSignalsMore
Companies›Flightio

Flightio

Verified
TravelArnika (technology group) ›In the registry
Entity IDIR-CO-2229
SectorTravel
Founded2016
HQTehran
VerificationVerified
Last reviewed2026-08-18

Flightio is an Iranian online travel agency for booking domestic flights, trains, and hotels. It operates in Iran's competitive OTA market alongside Respina24, MrBilit, and Alibaba. Its website was returning an error at the time of research, so no further operational detail could be verified directly.

Doing business with Flightio? Check who legally owns and runs it: registry identity, capital and current board from the Official Gazette, in English with the Persian source, in three working days for USD 750. Full dossier with audited figures and competitors, USD 3,000. Order a Flightio registry check · see a free sample

BusinessLeadershipGroupOwnershipSources
Business model & group
Operating licence suspended by the Civil Aviation OrganisationNotice signed 29 November 2025; reported 2 December 2025Third-party reported
Licence of the air travel services company Dour Parvaz (Flightio), and the site flightio.ir, suspended for one calendar month for displaying domestic ticket prices above regulated rates, following complaints logged in the passenger rights system. Resumption stated as conditional on full compliance.
Zoomit, reproducing the regulator notice ↗ · retrieved 2026-08-18Date discrepancy in the source, given rather than resolved: the notice is signed 29 November 2025 but states the suspension runs from 10 September 2024. Both dates are as printed. Signed by Reza Sedighi-Far, Director General of the office supervising airports and aviation companies. Named entities: Asoudeh Keyhan Seir and Dour Parvaz. The suspension period is one calendar month and had elapsed on either reading by the retrieval date, so this is an event and not a current trading status. No source confirming formal reinstatement was found. On 18 August 2026 flightio.ir redirected to flightio.com and the site was observed live and taking bookings for flights, hotels, trains, accommodation and visas, with a phone line and a promotional credit offer, so Flightio was trading on that date. Two earlier page loads returned a render error before a third succeeded, so a single failed load should not be read as a shutdown. A claimed rebrand was also tested: neither flytour.ir nor flytour.com resolves.
Stated grounds for the suspension, second accountReported 3 December 2025Third-party reported
Zoomit reported the suspension as following rising user dissatisfaction and failure to meet financial obligations. This is a different account from the first report, which cited the display of domestic fares above regulated rates. Both are recorded.
Zoomit ↗ · retrieved 2026-08-18Persian original: «این تعلیق در پی افزایش نارضایتی کاربران و عدم ایفای تعهدات مالی صورت گرفته است». Described in the same report as a ten-year-old online travel business.
Company statement on the suspensionStatement reported 3 December 2025Third-party reported
Flightio attributed the suspension to force majeure rather than management failure, citing four causes: the twelve-day war and airspace closure halting travel for close to forty days, internet disruption preventing refunds and contact with foreign airlines, government support that was promised and never delivered, and hostile media campaigns by competitors and former stakeholders. It undertook to return with stricter standards and to make users whole.
Zoomit ↗ · retrieved 2026-08-18The company's own account of events, recorded as its account and not as established fact. Tehran Index takes no position on the causes and records both the regulator's stated grounds and the company's answer.
Profitability, as stated by a co-founderTenure to December 2022Founder disclosure
A co-founder states that during his tenure Flightio was the only profitable online tourism company in Iran
Sasan Nayeb, co-founder, public LinkedIn post ↗ · retrieved 2026-08-18Persian original: «در همان دوره، فلایتیو تنها شرکت سودده گردشگری آنلاین ایران شد». Recorded as his characterisation of the period he ran, with no figure attached and no filing behind it. He is a party to a dispute with the current majority holder. No profit figure has ever been published for Flightio by anyone.
Leadership
Governance rupture and staff dismissalsthe month from 21 May to 20 June 2024Third-party reported
Intervention by the investing holding was reported to have led to the collective resignation of the chief executive and senior managers, followed by the sudden dismissal of 30 staff at three in the morning. The board then issued a statement claiming 100% sales growth within days of the previous team leaving.
Zoomit ↗ · retrieved 2026-08-18Persian original: «دخالت‌های هلدینگ سرمایه‌گذار (ارنیکا) منجر به استعفای دسته‌جمعی مدیرعامل و مدیران ارشد و سپس اخراج ناگهانی ۳۰ نفر از کارکنان در ساعت ۳ بامداد شد». Recorded because it dates the shareholder conflict to eighteen months before the suspension, which bears on whether the company's force majeure account is complete.
Founders2013 to 2022Founder disclosure
Founded by Ehsan Davoudi, Ali Kashfi and Sasan Nayeb. Nayeb was co-founder, CEO and board member from December 2013 to December 2022, and remains a shareholder.
Sasan Nayeb public LinkedIn profile and post ↗ · retrieved 2026-08-18Persian original: «شرکتی که احسان داوودی، علی کشفی و من آن را تأسیس کردیم». His profile dates the CEO tenure December 2013 to December 2022 and the shareholding from December 2013 to the present. He states that after his exit his name was not removed from some licences and documents, which bears on entity resolution: the suspended licence names Asoudeh Keyhan Seir and Dour Parvaz.
Managers named as running the company after the founder exitFrom 2023Founder disclosure
A co-founder names Mohammad-Amin Rahimipour, Mohsen Mokarrami and Farzaneh Sohrabi among those through whom the majority holder directed the company after his departure
Sasan Nayeb, co-founder, public LinkedIn post ↗ · retrieved 2026-08-18The names are given because they are stated publicly by a shareholder and are relevant to who ran the company. The characterisation of their conduct is not reported. Nayeb's post makes allegations about how the company was run and about money taken out of it; those are contested claims by a party to litigation he says is ongoing, and Tehran Index does not publish them.
Board of the operating entityBoard meeting of 16 September 2025, gazette printed 4 October 2025; terms to 16 September 2027Official record
CEO Mana Motaghi, appointed from outside the board. Chairman Hamidreza Heidari, representing Tose'e Fanavari Iranian Rashin Sarv. Vice chairman Morteza Karami, representing Fanavari Mehr Dara. Member Alireza Mokhberi-Nia, representing Noavari Fanavari Arnika.
Official Gazette notice, read via Rasmio ↗ · retrieved 2026-10-01All three board seats are held by companies, each sitting through a named representative; the CEO is appointed from outside the board.
Corporate family
Arnika (technology group)
ExcoinoDigital AssetsHomsaPropTech

Tracked entities in the same corporate family. Ownership percentages appear in Ownership & capital only when disclosed.

Ownership & capital
Brand to operator, stated by the company itselfCompany disclosed
The company's own page names آژانس دورپرواز as the operator behind the brand. The passage is quoted verbatim in the source passage.
flightio.com (company website) ↗ · retrieved 2026-09-17Corroborated: two independent reads of this page returned the same sentence.
Holding companyAs reported 2 December 2025Third-party reported
Flightio and the crypto exchange Excoino are both described as significant companies of Arnika investment holding
Zoomit ↗ · retrieved 2026-08-18Persian original: «فلایتیو و اکسکوینو هر دو از شرکت‌های مهم هلدینگ سرمایه‌گذاری ارنیکا هستند». Trade press attribution, not a registry record. Not independently established against the corporate registry.
Reported liquidity crisis at the holdingAs reported 3 December 2025Third-party reported
Zoomit reported expert assessments that Flightio financial problems may be connected to a liquidity crisis at Arnika, the parent holding, whose name had already been linked to the financial crisis at its crypto exchange subsidiary Excoino
Zoomit ↗ · retrieved 2026-08-18Persian original: «شنیده‌های موثق و تحلیل‌های کارشناسی حاکی از آن است که مشکلات مالی فلایتیو ممکن است بی‌ارتباط با بحران نقدینگی در هلدینگ مادر نباشد». Explicitly unconfirmed: the source itself frames this as credible hearsay and expert analysis, not as established fact, and Tehran Index records it on the same footing. No insolvency proceeding is asserted by the source or by Tehran Index.
Shareholding, as stated by a co-founderAs stated May 2026Founder disclosure
Amir Taghaddosi, owner of Arnika holding, holds 70%. Co-founder Sasan Nayeb states he continues to hold 24%.
Sasan Nayeb, co-founder, public LinkedIn post ↗ · retrieved 2026-08-18Persian original: «شرکتی که احسان داوودی، علی کشفی و من آن را تأسیس کردیم و همچنان مالک ۲۴٪ از سهام آن هستم» and «امیر تقدسی، مالک هلدینگ ارنیکا و دارنده ۷۰٪ سهام فلایتیو». Self-declared by an interested party: Nayeb states he is in an active dispute with the majority holder, which does not make the shareholding wrong but does mean it is his account. The two figures sum to 94% and the remainder is unaccounted for. Not checked against the corporate registry.
Investment by ArnikaReported 16 May 2021Third-party reported
Arnika holding invested 200 billion toman in Flightio, described as at least 200 billion and increasable to 300 billion toman under the contract
Digiato and Zoomit ↗ · retrieved 2026-08-18Persian original: «هلدینگ ارنیکا ۲۰۰ میلیارد تومان در فلایتیو سرمایه‌گذاری کرد» and «حداقل ۲۰۰ میلیارد تومان ... تا ۳۰۰ میلیارد تومان قابل افزایش». A disclosed transaction with a date, which is why it is reported here while the various asserted company valuations are not. Toman as stated, no conversion. Reported independently by Digiato and Zoomit on the same day.
Source ledger, every field, its evidence
Brand to operator, stated by the company itselfCompany disclosed
The company's own page names آژانس دورپرواز as the operator behind the brand. The passage is quoted verbatim in the source passage.
flightio.com (company website) ↗ · retrieved 2026-09-17retrieved 2026-09-17
Operating licence suspended by the Civil Aviation OrganisationThird-party reportedNotice signed 29 November 2025; reported 2 December 2025
Licence of the air travel services company Dour Parvaz (Flightio), and the site flightio.ir, suspended for one calendar month for displaying domestic ticket prices above regulated rates, following complaints logged in the passenger rights system. Resumption stated as conditional on full compliance.
Zoomit, reproducing the regulator notice ↗ · retrieved 2026-08-18retrieved 2026-08-18
Holding companyThird-party reportedAs reported 2 December 2025
Flightio and the crypto exchange Excoino are both described as significant companies of Arnika investment holding
Zoomit ↗ · retrieved 2026-08-18retrieved 2026-08-18
Stated grounds for the suspension, second accountThird-party reportedReported 3 December 2025
Zoomit reported the suspension as following rising user dissatisfaction and failure to meet financial obligations. This is a different account from the first report, which cited the display of domestic fares above regulated rates. Both are recorded.
Zoomit ↗ · retrieved 2026-08-18retrieved 2026-08-18
Reported liquidity crisis at the holdingThird-party reportedAs reported 3 December 2025
Zoomit reported expert assessments that Flightio financial problems may be connected to a liquidity crisis at Arnika, the parent holding, whose name had already been linked to the financial crisis at its crypto exchange subsidiary Excoino
Zoomit ↗ · retrieved 2026-08-18retrieved 2026-08-18
Company statement on the suspensionThird-party reportedStatement reported 3 December 2025
Flightio attributed the suspension to force majeure rather than management failure, citing four causes: the twelve-day war and airspace closure halting travel for close to forty days, internet disruption preventing refunds and contact with foreign airlines, government support that was promised and never delivered, and hostile media campaigns by competitors and former stakeholders. It undertook to return with stricter standards and to make users whole.
Zoomit ↗ · retrieved 2026-08-18retrieved 2026-08-18
Governance rupture and staff dismissalsThird-party reportedthe month from 21 May to 20 June 2024
Intervention by the investing holding was reported to have led to the collective resignation of the chief executive and senior managers, followed by the sudden dismissal of 30 staff at three in the morning. The board then issued a statement claiming 100% sales growth within days of the previous team leaving.
Zoomit ↗ · retrieved 2026-08-18retrieved 2026-08-18
FoundersFounder disclosure2013 to 2022
Founded by Ehsan Davoudi, Ali Kashfi and Sasan Nayeb. Nayeb was co-founder, CEO and board member from December 2013 to December 2022, and remains a shareholder.
Sasan Nayeb public LinkedIn profile and post ↗ · retrieved 2026-08-18retrieved 2026-08-18
Shareholding, as stated by a co-founderFounder disclosureAs stated May 2026
Amir Taghaddosi, owner of Arnika holding, holds 70%. Co-founder Sasan Nayeb states he continues to hold 24%.
Sasan Nayeb, co-founder, public LinkedIn post ↗ · retrieved 2026-08-18retrieved 2026-08-18
Managers named as running the company after the founder exitFounder disclosureFrom 2023
A co-founder names Mohammad-Amin Rahimipour, Mohsen Mokarrami and Farzaneh Sohrabi among those through whom the majority holder directed the company after his departure
Sasan Nayeb, co-founder, public LinkedIn post ↗ · retrieved 2026-08-18retrieved 2026-08-18
Profitability, as stated by a co-founderFounder disclosureTenure to December 2022
A co-founder states that during his tenure Flightio was the only profitable online tourism company in Iran
Sasan Nayeb, co-founder, public LinkedIn post ↗ · retrieved 2026-08-18retrieved 2026-08-18
Investment by ArnikaThird-party reportedReported 16 May 2021
Arnika holding invested 200 billion toman in Flightio, described as at least 200 billion and increasable to 300 billion toman under the contract
Digiato and Zoomit ↗ · retrieved 2026-08-18retrieved 2026-08-18
Board of the operating entityOfficial recordBoard meeting of 16 September 2025, gazette printed 4 October 2025; terms to 16 September 2027
CEO Mana Motaghi, appointed from outside the board. Chairman Hamidreza Heidari, representing Tose'e Fanavari Iranian Rashin Sarv. Vice chairman Morteza Karami, representing Fanavari Mehr Dara. Member Alireza Mokhberi-Nia, representing Noavari Fanavari Arnika.
Official Gazette notice, read via Rasmio ↗ · retrieved 2026-10-01retrieved 2026-10-01

Last full review: 2026-08-18 · Tehran Index research desk · corrections: desk@tehranindex.com

Work with this record
All Flightio signalsEvidence Library

Alerts, company comparisons, and full-history exports are joining the partner workspace. Request access →

Registered entity
Legal entityDour Parvaz Air Travel, Tourism and Pilgrimage Services Co.
Entity typeprivate joint stock
StatusActive
Registered16 October 1966
Registered capital330 billion IRR
Board & shareholdersGazette 1404/06/25, published 1404/07/12, terms to 1406/06/25. CEO Mana Motaghi. Chairman Hamidreza Heidari. Vice chairman Morteza Karami. Member Alireza Mokhberi-Nia.
Entity notesTHE OPERATING ENTITY PREDATES THE BRAND BY FIFTY YEARS. Dour Parvaz was registered in 1345 (1966) as an air travel and pilgrimage services agency; the Flightio brand states it began operating in Khordad 1395 (June 2016). The business therefore runs on a long-established travel licence rather than a newly incorporated one, which is the ordinary route to an IATA-adjacent licence in Iran and matters for how the 2025 suspension should be read. ‖ REGISTRY TRACE OF THE FOUNDERS AND THE HOLDING: a 1393 gazette lists Sasan Naeb-Hosseinzadeh (the co-founder who posts publicly as Sasan Nayeb) as chairman. A 1400 gazette lists Amir Taghaddosi as a board member alongside Ali Kashfi and Ehsan Davoudi, which independently corroborates the founder list Nayeb gives. A 1403 gazette (meeting 1402/11/30) lists the company Noavari Fanavari Arnika (national ID [identifier held on the record]) as vice chairman, represented by Mohsen Mokarrami, and Fanavari Mehr Dara (national ID [identifier held on the record]) as a member. THAT BOARD SEAT IS THE REGISTRY-GRADE LINK BETWEEN FLIGHTIO AND ARNIKA; everything else on the relationship is trade press. ‖ Alireza Mokhberi-Nia sits on this board and is also CEO of Noavari Fanavari Arnika, a cross-directorship that survives into the current 1404 board. ‖ Founding-year conflict, unresolved: the co-founder describes Flightio as launched in 2013 and his own tenure as beginning December 2013, while the company site says operations began June 2016. Both are recorded; neither is preferred. ‖ SUSPENSION SCOPE, CORRECTED READING: the CAO notice suspends TWO things, the licence of Asoudeh Keyhan Seir (national ID [identifier held on the record]) and the site flightio.ir belonging to Dour Parvaz. No source retrieved establishes that Asoudeh Keyhan Seir operates Flightio, so the two must not be treated as one company until that is shown.

Registered capital is the share capital recorded in the official gazette. Increases are real corporate events, but they are commonly funded from retained earnings or converted receivables and are also driven by inflation and regulatory minimums. It is not a valuation, and Tehran Index does not present it as one.

Official contact
Registered addressTehran, Shahid Motahari, Kouhe Nour St, 5th St, No 19, first floor
Evidence & verification
Verification tierVerified, registry / official source
Primary evidencewww.linkedin.com
Registry identifiersWithheld for compliance

Fields on this profile derive from linked public sources or the official company registry; unknown values stay blank rather than guessed, and estimates are always labelled. How we verify →

Quick facts
Tehran, Iran
Founded 2016
flightio.comLinkedIn
Company dossier

Registry check on Flightio: legal entity, capital, board and managing director from the Official Gazette. USD 750, three working days. Full dossier with audited figures, competitors and risks: USD 3,000, five working days.

Order a registry checkOrder the full dossier
TI Weekly. Five source-linked developments and one analysis note, every Friday.