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Tuesday, January 9, 2018
Boeing to Finance Iran's Purchase of 30 Passenger Planes

Sun Jan 07, 2018 2:44
Boeing to Finance Iran's Purchase of 30 Passenger Planes
http://en.farsnews.com/newstext.aspx?nn=13961017001085

TEHRAN (FNA)- CEO of Iranian Atiyeh Saba Investment Company Vali Azarvash
announced on Sunday that Boeing aviation firm will finance the purchase of
30 new passenger planes by Iran.

"License is being received from OFAC (the US Office of Foreign Assets
Control) and Boeing is due to finance all the 30 planes of the first
package," Azarvash told FNA on Sunday.

"The first Boeing plane will be delivered to Iran in 2020," he added.

Head of Iran's Civil Aviation Organization Ali Abedzadeh had announced in
December that Airbus, ATR and Boeing aviation companies have voiced their
readiness to finance the purchase of new passenger planes by Iran.

"Iran is following up finance of the new planes planes via international
monitory markets, but manufacturing companies have also voiced their
readiness to finance some portion of the purchases," Abedzadeh said.

He made the remarks in reaction to a report by the Wall Street Journal that
Trump’s administration was considering blocking planned sales of hundreds of
passenger planes by Boeing and Airbus to Iranian airlines.

Abedzadeh said Iran had already become used to Trump’s threats against its
plane purchase agreements.

“From the very day President Trump took office, he kept making threats
against Iran’s plane agreements,” he added.

Abedzadeh further described the US Congress bill as illegal, and stressed
that the confidentiality clause in the agreement with Boeing would not allow
any disclosure of purchase details.

In December 2016, Boeing sealed deals with Iran’s flag-carrier airliner Iran
Air over sales of 80 jets valued at $16.6 billion. They include 50
narrow-body Boeing 737 passenger jets and 30 wide-body 777 aircraft. Iran
Air also sealed deals with Airbus over purchases of 100 planes worth $18-20
billion at list prices and has already received three of them.

US lawmakers on Thursday approved a bill that will bring the sales of
American planes to Iran under the close scrutiny of Congress.

The bill – still pending the approval of the Senate – would oblige the
Treasury to report to lawmakers on Iranian purchases of US aircraft and how
those sales would be financed.

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