$9.5 Billion in Iran Boeing Deals Now Dead, Airbus Worse Off

Boeing and Airbus are among the first casualties in Trump's cancellation of the nuclear deal with Iran.

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.

Trump's move is so stupid in so many way. For further discussion, please see Trump Cancels Iran Deal: Complete Video - Well Delivered Lies and Innuendo.

Mike "Mish" Shedlock

Comments (39)
No. 1-25
Tengen
Tengen

Pffft. Trade is so 20th century. Since when did moving goods across borders help anyone? Let's try bullets and bombs instead!

Autocatakinetic
Autocatakinetic

Hillary sneezes and faints. Mish: She has degenerative brain disease
Trump writes his own medical report. Mish: crickets
Democrats claim Russians meddled in election. Mish: Nonsense! No collusion.
Putin's friend's company pays Trump's lawyer $500k months after Cohen pays off Trump's porn star. Mish: crickets

Autocatakinetic
Autocatakinetic

Mish predicts recession in 2015, 2016, 2017, 2018
No recession yet. Mish: crickets

Autocatakinetic
Autocatakinetic

Recession finally happens at some random point. Mish: I predicted this!
Mish predicts self-driving trucks and cars taking over America in a couple years.
Mish in a couple years: crickets

hmk
hmk

Yes we should succumb to greed and make money until the vehemently evil anti US Iranian regime helps engineer another attack on the US. They indeed were complicit in aiding Obama bin Ladin in the 911 attack. Information Obamanation concealed.