Boeing’s $8 billion aircraft sale to Iran Air still safe for right now

Still, there have been several attempts in Congress This kind of year to block the plane sale.

For its part, Boeing said Friday in a statement: “We continue to follow the U.S. government’s lead in all our dealings with approved Iranian airlines‎ in addition to will remain in close touch with U.S. regulators for any additional guidance.”

Boeing’s Iran Air sale involves the carrier purchasing 50 of its narrow-body 737 passenger jets in addition to 30 of the wide-body 777 aircraft.

Iran Air also is actually buying 100 commercial aircraft coming from Boeing’s rival, Airbus. Boeing has yet to deliver any of its planes to the country’s flag carrier, nevertheless Airbus has already delivered at least three jets.

If the deal were to fall through, This kind of could have ramifications for jobs on Boeing’s production line in addition to also put various other Iran-related aircraft deals in jeopardy.

At the time the Iran Air deal was announced, Boeing said the “agreement will support tens of thousands of U.S. jobs directly associated with production.”

In April, Boeing struck a $3 billion agreement with Iran’s Aseman Airlines for 30 narrow-body 737 MAX jets. At the time, Boeing said the agreement also provided the airline with purchase rights for yet another 30 jets.

Jefferies analyst Howard Rubel said in a research note Friday, “There are some policy concerns outside of the nuclear accords that will are at issue, nevertheless This kind of should enable aircraft sales in addition to various other trade to move forward.”

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