The An-140 turboprop headed for the eastern city of Tabas crashed moments after takeoff from Tehran on August 10, triggering a fireball when it smashed into the capital's Azadi neighbourhood.
Many more deaths were narrowly avoided as the plane came down only a few hundred metres (yards) from a busy market.
The head of the probe into the crash, Mohammad Shahbazi, was quoted in daily Khorasan as saying the plane's right engine failed two seconds after takeoff.
The investigation found that the plane was also overloaded given the hot temperatures of the day and the altitude of Tehran -- both factors that can affect the performance of an airplane, including its rate of climb.
"Initial information indicates that the pilot tried to keep the plane horizontal but the aircraft fell from a height of 45 metres," the newspaper quoted the head of Iran's Civil Aviation Organisation, Alireza Jahangirian, as saying.
President Hassan Rouhani ordered the grounding of all domestically produced An-140s following the accident.
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