Iran News ...


09/23/16

Iran says purchases from Boeing 'easier'

Source: Press TV

Iran says it expects the proceedings to purchase planes from US aviation giant Boeing to proceed faster than those with Airbus.

"Negotiations with Boeing started much longer [after Airbus] but it appears they will lead to success sooner," said Asghar Fakhriyeh Kashan, Iran's deputy minister of roads and urban development.

"This is because the structure of negotiations with Boeing is different from that of Airbus".

Fakhriyeh Kashan further said that Boeing has sent the text of its contract to Iran to be studied by the related authorities.

He added that top officials from the company will visit Tehran next week to push talks for the finalization of the contract.

On a related front, Boeing announced on Wednesday that the US Treasury Department had issued the required authorization to the company to sell 80 planes from a total package of 109 planes to the Islamic Republic.

Airbus also confirmed on the same day that it had received a license for an initial sale of 17 planes.

Back in January, Tehran signed a major contract with Airbus to buy 118 planes. The accord was inked during Iranian President Hassan Rouhani's visit to Paris.

However, Fakhrieh Kashan said earlier this week the country had cut the number of planes to be purchased to 112.

The change was seen to have been adopted to expedite the process for Airbus to receive export approvals from the US Treasury Department.

Iran had previously voiced concern at the amount of time it was taking to receive US export licenses.

Fakhrieh Kashan had previously warned that any failure by the US to approve the licenses would breach a nuclear deal that Iran sealed with the P5+1 group of countries - the five permanent members of the UN Security Council plus Germany - last year.

The official emphasized on Thursday that the issues relating to the banking and funding of the planned purchase from Airbus had been resolved.

He added that Iran would buy 111 planes from Airbus through a finance scheme of below $10 billion, and that a financer would make almost all the payments relating to the purchase.

... Payvand News - 09/23/16 ... --



comments powered by Disqus

Home | ArchiveContact | About |  Web Sites | Bookstore | Persian Calendar | twitter | facebook | RSS Feed


© Copyright 2016 NetNative (All Rights Reserved)