Boeing’s $20bn Iran contracts frozen by sanctions:
"The US company most affected by President Donald Trump’s decision to reimpose sanctions on Iran is Boeing, which has signed deals to sell about $20bn worth of aircraft to two Iranian airlines. Aircraft sales are banned under the renewed sanctions announced by the US on Tuesday, following Mr Trump’s decision to withdraw from the international deal over Iran’s nuclear programme. The US Treasury said it would no longer look at applications for export licences for sales of aircraft or components to Iran, except for flight safety reasons, and licenses granted earlier would be withdrawn. Boeing and Airbus, the European aircraft maker, were granted licences for exports to Iran in 2016, making it possible for them to agree multibillion dollar orders. Airbus needs a US licence to export to Iran as its aircraft contain a large proportion of US parts. The Toulouse-based company has an order from Iran Air that is even bigger than Boeing’s, worth an estimated $27bn."
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