Friday 22 January 2016

Aviation giants tread carefully in test case for post-sanctions Iran | Reuters

Aviation giants tread carefully in test case for post-sanctions Iran | Reuters:

"Freed from nuclear-related sanctions, Iran has signaled its appetite to buy more than 100 Western planes, a prospect that would usually have the giants of the $130 billion-a-year jet industry scrambling for a piece of the action.

But a muted response from both Airbus and arch-rival Boeing underscores the lingering uncertainty and complications of doing business with Tehran.

Western and Iranian officials say Iran will require at least 400 jets over a decade to replenish its ageing fleet. Of those, 100-200 are pressingly needed, and would be worth over $20 billion at list prices."



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