Following President Donald Trump’s scrapping of the Iran nuclear deal Tuesday and his imposition of what he called “powerful” sanctions, Boeing’s prospective sale to Iran of jets worth $9.5 billion is effectively dead for the foreseeable future.
For Boeing, it’s a lost opportunity rather than a blow to current plans.
In contrast, rival European jet maker Airbus, which won orders for 98 aircraft worth about $8.4 billion from Iran, formally added those sales to its order book and rushed to deliver the first airplanes as soon as it was legal.
A fiend with strong ties to Boeing commented:
- Boeing never booked the orders, but Airbus did- so they will hurt more.
- Airbus uses a lot of US parts ( like engines etc.) and thus subject to US sanctions. They do more business in US and elsewhere, so I expect they will comply w/ US sanctions.
- The real tragedy is the Iran aircraft in service are very old and dangerous and not maintained. Boeing is not allowed to go there and repair. They have had a lot of crashes in recent years.
Former CIA Chief Comment
Those are my sentiments exactly.
Mike "Mish" Shedlock