Boeing’s $16B aircraft deal with Iran

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http://www.usatoday.com/story/money/business/2016/12/11/boeing-sell-80-jetliners-worth-166-billion-iran-air-aircraft-maker-said-sunday/95298168/

Boeing has government approval to fill Iran Air’s $16 billion aircraft order, but it may still be grounded by Congress.

And President-elect Trump, who has criticized the Iran nuclear accord that allowed the deal to take off, could eventually have a say, too.

The Chicago-headquartered Boeing said Sunday that it will sell 80 jetliners worth $16.6 billion to Iran Air. Boeing got approval to sell planes in Iran in September but had to wait for a license for the Iran Air deal from the U.S. Treasury Department’s Office of Foreign Assets Control.

This would be the largest business deal that a U.S. company had done with Iran since President Obama signed an executive order lifting sanctions against the country. That order came after Iran agreed to end its pursuit of nuclear weapons under an accord reached in July 2015 with the United Nations Security Council members — the U.S., Britain, China, France and Russia — and Germany.

But Boeing’s deal could face opposition in Congress and the White House. “We will aggressively fight this deal in next Congress, though we probably won’t even need new legislation to do it,” said David Pasch, communications director for Rep. Peter Roskam, R-Ill. “The incoming appointees at Treasury and State will no longer report to a White House willing to bend over backward and ignore national security concerns (in order) to keep Iran from walking away from the nuclear deal.”

In May, Roskam, along with fellow Illinois Republican Reps. Robert Dold and Randy Hultgren, sent a letter to Boeing asking the company not to do business with Iran until it renounces support for terror groups. Last month, the House of Representatives approved a bill that would prevent the Treasury Department from giving U.S. banks the licenses to help Boeing complete the transactions. Since Obama would likely veto the bill, it hasn’t moved in the Senate.

“Congress will have a lot to say, particularly working in concert with an administration that has a fairly low view of this deal,” Roskam told USA TODAY.

He also said the deal depends on financing. Any bank that would get involved “has to ask itself is it worth the reputational risk to be complicit with the world’s largest state sponsor of terrorism?”

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i thought iran was the enemy???

“The Chicago-headquartered Boeing said Sunday that it will sell 80 jetliners worth $16.6 billion to Iran Air. Boeing got approval to sell planes in Iran in September but had to wait for a license for the Iran Air deal from the U.S. Treasury Department’s Office of Foreign Assets Control.”

lets see if congress passes it..i bet they do..

401

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~ by seeker401 on December 17, 2016.

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