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Sunday, 18 September 2016

Iran urges US to unblock aircraft deals, seeks investors | GulfNews.com

Iran urges US to unblock aircraft deals, seeks investors | GulfNews.com:

"Iran urged the United States on Sunday to remove remaining obstacles to it buying passenger planes following the lifting of international sanctions and spread out the welcome mat to foreign investors as it seeks to boost its aviation sector.
Iran provisionally agreed earlier this year to buy over 200 jets worth $50 billion (Dh183.5 billion) at list prices from Airbus and Boeing under an agreement between Tehran and world powers to ease sanctions in exchange for curbs on Iran’s nuclear activities.
Both deals hinge on the longer-than-expected process of winning US. Treasury approval, which is needed due to the high proportion of US parts in virtually all modern jetliners, including those made by Europe’s Airbus.
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