Faranegar initiated its activities with the purpose of innovation in software solutions and services especially in the aviation and tourism industry in 2008. Concentrating on the recognition of customer requirements, Faranegar has developed solutions to simplify the procedures for airlines, airports, travel agencies and more importantly end users, Faranegar pars system pooya is a subsidiary of Faranegar Co., working on development the “Airline Revenue Management Systems”. It was successfully accepted as a knowledge-based company in incubator center of Sharif University. Relying on its expert human resources and its successful experiences in aviation industry, Faranegar pars system pooya has developed the first Iranian airline revenue management system called Faranegar Revenue Management System (FRMS). FRMS exploits new forecasting methods, advanced data mining knowledge, and operations research techniques in order to optimize the passenger revenue for airlines.