Boeing nears landmark deal to sell airliners to Iran
Iran is set to unveil terms of a multibillion-dollar deal to purchase about 100 commercial passenger planes from Boeing in what would be the biggest sale of U.S. goods to Iran since the easing of economic sanctions last October, a person familiar with deal said.
Although financing arrangements are not complete, the historic agreement is likely to cover deliveries and services over nearly a decade at a cost of more than $17 billion.
Word of an agreement emerged first from Iran’s state news agency, which reported that Iran’s minister of roads and urban planning, Abbas Ahmad Akhundi, told reporters that the purchase would be similar in scope to a $27 billion accord to buy 118 planes from France-based Airbus Group. He said the government would provide details “within upcoming days.”
A Boeing executive said in an email reviewed by The Washinton Post that a deal would be finalized “shortly” and a formal announcement was “likely tomorrow,” meaning Wednesday.
Boeing still needs approval and a license from the Treasury Department. But the sale would not have been possible before the easing of sanctions that took place under what is known as the Joint Comprehensive Plan of Action (JCPOA), adopted after an accord limiting Iran’s nuclear program.
“This would be the first time a U.S. aviation company was having a discussion with Iranian purchasers of civilian airliners since the early ’70s,” said Richard Nephew, a sanctions expert who was on the State Department team negotiating with Iran and who now works at Columbia University’s Center on Global Energy Policy. “Based on my experiences in negotiations, the Iranians were clear that they liked Boeings and liked Airbuses and wanted a bit of both.”
this is another example of why sanctions were lifted..not for the reasons they said..
“This would be the first time a U.S. aviation company was having a discussion with Iranian purchasers of civilian airliners since the early ’70s,”