Tuesday, 14 January, 2020

Boeing Gets OK to Enter Iran Market

Boeing Co. said Friday that it received a license from the U.S. government to begin commercial discussions with Iranian airlines, opening the door to what could be the first U.S. jet deliveries to the Islamic Republic since the 1970s.

Iranian carriers have among the oldest fleets in global aviation following decades of sanctions that have left them unable to leverage an advantageous geographical location and a domestic market of nearly 80 million people. Rapidly growing Gulf neighbors in Qatar, the United Arab Emirates and Turkey have exploited their position and new-technology jets to fuel rapid expansion in commercial aviation.

Iran is seeking to quickly catch up and refresh its airlines with new aircraft, with leasing industry officials forecasting the country could support 300 to 600 new planes.

“The license permits us to engage approved airlines to determine their actual fleet requirements,” a Boeing spokesman said.

Airbus Group SE in January signed a cooperation agreement with Iranian officials for the purchase of 127 new aircraft that range in size from single-aisle jets all the way to its double-deck A380. Earlier this month, a joint venture between Airbus and Italy’s Finmeccanica SpA said Iran Air was purchasing as many as 40 small turboprop aircraft.

Boeing, which last year provided maintenance manuals to Iranian airlines, will be looking for government cues on how to cultivate long-dormant commercial ties in the potentially fertile market.

“We understand that the situation in the region is complicated and ever changing and we will continue to follow the U.S. government’s guidance as it relates to conducting business with Iran,” the Boeing spokesman said.

General Electric Co. said it, too, has submitted an application for a license to sell engines and spare parts to Iranian airlines, but has not yet been granted approval, according to a company spokeswoman.

Wall Street Journal

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1 Comment

  1. Amir

    February 20, 2022 at 7:15 pm

    Money talks- The rest will take vacation for a long long time. Iranians should follow recent Chinese style; creat money, get involve, creat more money, then the rest-West will rest. It is like the Jahel who used to come to every corner to collect money. You would not give money to him, he would put your property on fire. World’s Jahel works the same way. Give them their share of your business, he leaves you alone and also he shares most of the stuff he has. Who created Jahel type business? Middle- East which we should call it now West Asia- Iran and beyond. Viva Iran and all Iranian businesmen who finally got what they had before. Middle- East is an Englishman made name. It should be changed to West Asia.

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