Tag Archives | Boeing

Questions as Iranians claim US Licensing Plane Sales to Iran

By Saeed Jalili for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Questions abound as Iranians claim US Treasury licensing plane sales to Iran Questions have emerged about whether the US Treasury Department’s Office of Foreign Assets Control (OFAC) has issued new licenses to Canadian plane manufacturer […]

Iran Ministry “Not Involved in Talks” with Bombardier

Iran’s Ministry of Road and Urban Development has not held any talks with Canadian plane manufacturer Bombardier Inc., a deputy minister said, adding that the country’s private sector has been involved in business negotiations with that company. Speaking to Tasnim on Saturday, Asghar Fakhrieh Kashan said he was not informed of the agreements between the […]

Plane Deals to Take Longer to Complete

Iran would finally take delivery of dozens of European jets it has ordered following the 2015 nuclear deal between Tehran and world powers, John Leahy, Airbus Sales Chief, said, noting that the process could take longer to complete than planned. “I think those deals will get fulfilled, maybe not on the original schedule,” Leahy told […]

Airbus “Ready to Finance Plane Purchases”

European aviation giant Airbus has voiced readiness to fund the country’s purchases of passenger planes, Head of Iran’s Civil Aviation Organization (CAO) Ali Abedzadeh said. Airbus, the French-Italian aircraft manufacturer ATR, and American aviation giant Boeing have already approached Iran to fund the purchases, Abedzadeh said on Sunday. He added that talks to choose the […]

Boeing-IranAir deal at risk amid claims of IRGC use

By Saeed Jalili, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. US President Donald Trump’s new Iran strategy, including his Oct. 13 refusal to certify that the Joint Comprehensive Plan of Action (JCPOA) meets congressional requirements, will push a contract for 80 passenger jets signed […]

Airplane Contracts Complex, Confidential: Iranian Official

CEO of Iran Air Farzaneh Sharafbafi said contracts for purchasing passenger planes are complex and confidential. Speaking to the Tasnim News Agency on Saturday, Sharafbafi dismissed speculation about details of Iran’s contracts with the Western plane makers, giving an assurance that Iran Air would make the best and most logical decisions. The contracts to purchase […]

Boeing First Loser If Trump Leaves JCPOA: Analyst

If US President Donald Trump scraps the 2015 nuclear deal between Tehran and world powers, the first loser may be US aircraft maker Boeing, an analyst said. “If Boeing isn’t able to deliver the airplanes to Iran, it probably would have some impact on the stock,” said Cowen aerospace analyst Cai von Rumohr, CNBC reported. […]

US Ban on Aircraft Sales to Iran Breach of JCPOA

Ali Akbar Velayati, an international adviser to the Leader of the Islamic Revolution, described a recent decision by the US to block sales of commercial aircraft to Iran as a clear violation of the 2015 nuclear deal between Tehran and world powers. “The US move to ban the sale of aircraft to Iran is definitely […]

Iran’s Economy a ‘Masterpiece of Structural Ambiguity’

By Ali Dadpay for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The economy dominated Iran’s recent presidential election. Hassan Rouhani, the incumbent, argued that integration into the global economy is the only path to prosperity and job creation, while his rivals accused his administration of […]

Europeans press FATF to extend Iran Sanctions Reprieve

By Barbara Slavin for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Europeans press Terror-Finance Watchdog to extend Iran Sanctions Reprieve A powerful financial watchdog group meeting in Valencia, Spain, this week will take actions that could bolster the Iran nuclear deal — or put it in […]

Boeing Seeking Permission for Deal with Iran

US aircraft maker Boeing announced that it still does not have a license from the US Treasury for a $3 billion contract with Iran Aseman Airlines, media reports said. Aseman Airlines signed a final purchase agreement with Boeing in Tehran on Saturday for 30 737 Max jets and an option for 30 more, spokesman Amir […]

US Reviewing Iran Aircraft Licenses

By John Lee. The United States is reviewing licenses for Boeing and Airbus to sell aircraft to Iran. Reuters quotes Treasury Secretary Steven Mnuchin (pictured) as telling the House Ways and Means Committee: “We will use everything within our power to put additional sanctions on Iran, Syria and North Korea to protect American lives … […]

European, Asian Firms “Ready to Fund Iran’s Plane Purchases”

Iran’s Deputy Minister of Road and Urban Development for International Affairs Asghar Fakhrieh Kashan said several major institutions from Europe and Asia have expressed readiness to fund the country’s purchases of planes from global aviation giants Airbus and Boeing. Nine financial institutions from Norway, Denmark, Ireland, Britain, China and Japan are ready to fund the […]

UKEF may Finance Iran Aircraft Deal

Iran’s Deputy Transport Minister Asghar Fakhrieh Kashan said UK Export Finance (UKEF) is in talks with the Islamic Republic to facilitate the financing of aircraft sales to the country’s national flag-carrier airline Iran Air. “We have received some offers from UKEF, that is under review by Iran,” Fakhrieh Kashan told Reuters on Thursday. He added […]

Boeing to sell 30 737 MAXs to Iran Aseman Airlines

US-based Boeing confirms the signing of a Memorandum of Agreement (MOA) with Iran Aseman Airlines, expressing the airline’s intent to purchase 30 Boeing 737 MAX airplanes with a list price value of $3 billion. The agreement also provides the airline with purchase rights for 30 additional 737 MAXs. According to the U.S. Department of Commerce, […]

Iran says Trump Cannot Call Off Boeing Deal

Iran rejected speculations that the deteriorating rhetoric by US President Donald Trump against the country could lead to the cancellation of a major plane purchase agreement with the American aviation giant Boeing. Iran’s Minister of Roads and Urban Development Abbas Akhoundi told the domestic media that a deal which Iran has sealed with Boeing was […]

“No Restriction” on Sales of Airbus Parts to Iran

The chairman of Iran Air has announced that there is no restriction on Iran to supply spare parts of the commercial planes manufactured by France’s Airbus, except for one “sensitive part” used for air navigation. A licence has been given to the Airbus, Boeing and ATR to sell airplanes and their spare parts to Iran, […]

ATR to Finalize $400m Aircraft Deal on Wednesday

Iran is to finalize a contract to buy 20 turboprops from French-Italian aircraft manufacturer ATR on Wednesday, an Iranian official announced. Representatives from ATR, a joint venture of Airbus and Finmeccanica of Italy, will arrive in Tehran on Wednesday, January 4, to hold the final round of business negotiations on the multi-million-dollar contract, Asghar Fakhrieh Kashan, […]

Iran “to Pay only Half” of $16.6bn Boeing Deal

By John Lee. According to a report from Reuters, Iran has said that it had negotiated to pay only about half the announced price for 80 new Boeing airliners, in an order that the American planemaker had said was worth $16.6 billion. Iran’s IRNA state news agency quotes Deputy Transport Minister Asghar Fakhrieh-Kashan as saying: […]