Saturday 11 July 2015

Planemakers poised for Iranian buying spree if nuclear deal reached | Reuters

Planemakers poised for Iranian buying spree if nuclear deal reached | Reuters:



"Western planemakers look set to reap billions of dollars in deals with Iran, if a deal is done on its nuclear program to allow one of the world's most promising aviation markets to come out of quarantine.



Iran and six world powers were struggling on Friday to remove the last obstacles to an historic deal in Vienna that could resolve a more than 12-year dispute over Tehran's nuclear ambitions, extending talks through the weekend.



For Tehran, the prospect of sweeping economic sanctions and a long-standing U.S. trade embargo being lifted represents a chance to renew a fleet whose average age of 23 years is almost twice the international average, and to do so at affordable prices, after years of paying over the odds on the black market."



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