Published: Thu, April 06, 2017
Global | By Maureen Mccoy

Boeing Reaches Sales Agreement with Another Iranian Airline

Boeing Reaches Sales Agreement with Another Iranian Airline

Given the recent opening for continued aviation expansion in Iran, Tehran-based Iran Aseman Airlines has announced it will be purchasing 30 Boeing 737 Max aircraft, along with the option for 30 more as needed. As part of the Iran nuclear agreement, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) under the Obama Administration began to issue licenses to Boeing and Airbus for the sale of civil passenger aircraft to Iran past year. The deal is now pending a license from the US Treasury Department's Office of Foreign Assets Control, according to the airliner.

Tehran-based analyst Saeed Leilaz said he believed the deal would encourage other Western companies to enter Iran despite the political rhetoric. Critics of Boeing's deal immediately noted that Boeing's announcement came the same day as a horrific chemical attack waged by Assad's regime against civilians.

The sides have reached the agreement on Iran's acquiring of the Boeing 737 MAX airplane, IRNA news agency reported.

Iran would begin to receive the airplanes in 2022, according to Boeing.

President Trump has said he opposes the cancellation of Iranian nuclear sanctions.

Iranian officials have told Reuters finalising the ATR deal depends on getting a contract for engine spares and long-term maintenance of the engines once the planes are delivered. The Obama administration's nuclear deal with Iran removed some USA economic sanctions in exchange for Iran agreeing to curb its development of nuclear technology.

Panera shares surge on report of possible sale
Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.73 average brokerage recommendation. Master Blenders 1753, and a large stake in the world's largest coffee company, Jacobs Douwe Egberts, among others.

Israeli Police Kill Palestinian Who Stabbed Three
Israeli police say they have apprehended a Palestinian who stabbed three people in the old city of Jerusalem . He was from Nablus in the northern occupied West Bank, Ma'an News Agency states.

Nadal Beats Fognini To Reach Miami Final
Rafael Nadal is back in the final at Key Biscayne for the fifth time, still looking for his first championship in the tournament. Nadal then served out the match at love. "That gives you calm when you have opportunities on the return".

The European Union blacklisted Aseman in December because of safety concerns. In September, Washington approved the sale of 80 Boeing and 100 Airbus planes to Iran Air.

Similarly, Iranian conservatives have also criticised the purchases, saying new planes will do little to improve Iran's stagnant economy.

On the campaign trail, Trump attacked a planned center to paint Boeing 737s in China and later blasted the contract for the Air Force One presidential aircraft as too costly.

But Boeing CEO Dennis Muilenburg has formed a close relationship with the president. European and Asian companies, meanwhile, have flocked there since the nuclear deal, in some cases leaving US competitors on the sidelines.

"Pessimism in comparison with the time before the US election has obviously increased", said Pedram Solatani, the vice president of the Iran Chamber of Commerce, in a recent interview before the Boeing. Those would be targeted against people involved with Iran's ballistic missile program and those that transact with them, as well as the Islamic Revolutionary Guard Corps.

Like this: