Airline Jets for Sale

Boeings 8 billion dollar sale of planes to Iran Air still secure for the time being

This archive picture from June 2003 shows a Boeing 747 Iran Air at the Mehrabad International Airport in Tehran. Boeing's plan to resell airliners to Iran seems certain for the time being, despite the recently advertised election of President Donald Trump to "repair" the 2015 Atomic Treaty. In the framework of the groundbreaking Iran Reached Atomic Energy Treaty, the EU lifting trade restrictions on Iran and paving the way for Boeing and Iran Air to agree in December on 80 planes worth $16.6 billion worth of listed fares.

Sharafbafi claimed on Thursday that the order for the airplane was still secure, even if the U.S. abandoned the atomic treaty, according to an interviewee released in the Financial Tribune, a non-governmental Chhranian document. "She said it won't influence Boeing's agreement with us." Still, there have been several trials in Congress this year to obstruct the sale of airplanes.

Boeing, for its part, said on Friday in a statement: "Continuing to obey the example of the US Administration in all our transactions with licensed airlines in Iran, we will stay in contact with the US regulatory authorities for further guidance." The sale of Boeing Iran Air includes the purchase of 50 of its 737 narrow-wall jets and 30 of its 777 large-format jets.

Air Iran also buys 100 airliners from Boeing's competitor Airbus. One of Boeing's jets still has to be flown to the country's flags, but Airbus has already supplied at least three jets. Should the transaction fail, this could have an impact on Boeing's line of manufacturing employment and also endanger other Iran-related airplane businesses.

Announcing the Iran Air deals, Boeing said the memorandum would "support ten thousand US job creation directly linked to production". Boeing signed an $3 billion contract with Iranian Aseman Airlines in April for 30 narrow-walled 737 MAX jets. Boeing said at the meeting that the airline's contract also grants it the right to buy another 30 jets.

The Jefferies researcher Howard Rubel said in a research memo on Friday: "It's about some political concern outside atomic treaties, but this should allow airplane selling and other commerce to move forward.