Iran Economy NewsBoeing deal with Iran could soon unravel

Boeing deal with Iran could soon unravel

-

Iran Focus

London, 7 Feb – Late last year, Boeing announced a deal to sell 80 passenger jets to Iran, which had many Regime sceptics up in arms.

The Iranian Regime uses passenger planes to transfer illegal shipments of weapons to terror cells in the middle east and move military personnel covertly into other countries; so the idea of doing that with American-made planes was terrifying for the US government.

Unfortunately, this deal was not been affected by either the extension of the Iran Sanctions Act signed by Barack Obama shortly before he left office or the recent expansion signed by Donald Trump last week, following Iran’s missile test.

However, it could still unravel.

Richard Aboulafia, vice president of analysis at Virginia-based industry consultancy Teal Group, said: “The Drumpf administration is absolutely determined to ratchet up tensions and the Iranians will, of course, being hardliners there, want to do the same.”

If tensions continue to rise, Iran may well pull out of the Boeing deal themselves, according to industry observers. The deal is not only the sale of planes but also maintenance of them.

Moody’s analyst Russell Solomon, who covers the aerospace and defence industry, said: “It’s a risk, but not something that will overwhelm [Boeing]. They do have a tremendous amount of operating and financial flexibility because of strength of the balance sheet, a strong liquidity profile and a very significant order book.”

On Friday, a Boeing spokesman said that the deal had received federal authorization from the U.S. Treasury Department’s Office of Foreign Assets Control, but is that changed, Boeing would “act accordingly”.

Their first plane shipment is due for 2018, so there is still time for the deal to collapse.

 

Latest news

Iran: Livelihood Basket of Workers and Retirees Is Not Filled Even With Second Jobs

The hard livelihoods of workers and social security retirees is an issue that Iran’s officials are ignoring easily, while...

Iran’s Poverty “Monitoring System” Has Become Worthless

Ali Rabii, the Minister of Cooperatives, Labour, and Social Welfare of Iran’s previous government, in 2018 informed about the...

Iran’s Severe Political Isolation and Foreign Trade Impasse

Peyman Pak, Head of Iran’s Trade Development Organization, in a TV interview with the state Channel One on October...

Iran: Women Heads of Households Are Victims of the Mullahs

In Iran over the past three years, Iran’s women heads of households have endured exhausting pressures in various social,...

Iran’s Government Normalizes the Coronavirus Outbreak

While the coronavirus death rate in Iran’s fifth wave is still high and many provinces have a critical situation,...

Iran’s Economy Worsens As the Government Continues To Plunder National Wealth

The current economic situation in Iran is the worse one that the country has experienced in the last century....

Must read

Tehran-Paris ties widening?

Reuters: Iran and EU powers have made progress in...

Iran test-fires new missile near Iraq – state media

Reuters: Iran has test-fired a new type of missile...

You might also likeRELATED
Recommended to you