Nuclear Deal Means Iran Can Start Replacing Some of Its Museum-Vintage Jets - Bloomberg Business

Nuclear Deal Means Iran Can Start Replacing Some of Its Museum-Vintage Jets - Bloomberg Business:



"The historic nuclear deal with Iran gives Boeing Co. and Airbus Group SE a rare opportunity to reshape a civilian aviation industry.



Once the accord is implemented, the republic will be able to start replacing hundreds of museum-vintage jumbo jets that still rumble over Tehran as mainstays of an aviation fleet frozen in time by economic sanctions. The investment could total at least $20 billion.



“There’s no doubt there is huge potential, especially for Airbus and Boeing, to sell a large number of planes,” said Adam Pilarski, an economist and senior vice president with Avitas Inc., a Reston, Virginia-based aerospace consultant."



'via Blog this'