50334
Moody’s: Iran Plane Sales a Credit Boost for Airbus, Boeing, Suppliers
Moody’s: Iran Plane Sales a Credit Boost for Airbus, Boeing, Suppliers

Moody’s: Iran Plane Sales a Credit Boost for Airbus, Boeing, Suppliers

Moody’s: Iran Plane Sales a Credit Boost for Airbus, Boeing, Suppliers

The US Treasury Department’s recent decision to grant export licenses to Airbus and Boeing to sell commercial airplanes in Iran is a credit positive development for both companies and the broader commercial aerospace supply chain, says Moody’s Investors Service in a new report on Friday.
“The US Treasury announcement lends further support to our positive view of the commercial aerospace market,” says Moody’s Senior Vice President Russell Solomon. “After a short period of pause in 2015-16 we continue to believe the commercial aerospace market will resume its growth in deliveries at higher rates in 2017-18.”
Moody’s estimates that Iran affords large commercial aircraft manufacturers a prospective boost of as much as 3% to future industry demand through the next decade, or about 400-500 jets for Iranian airlines.
The credit rating agency believes the development paves the way for multi-billion dollar deals if current agreements and definitive sales transactions are in fact completed. However, the licenses awarded to Airbus and Boeing governing the prospective sale of new aircraft to Iran do include important restrictions that will likely materially weaken the underlying value of the acquired assets and their ability to be financed.
The approvals from the US Treasury Department on Wednesday allow Airbus and Boeing to proceed with sales worth billions of dollars into a country that had been entirely off-limits prior to Iran’s landmark 2015 nuclear deal with the six world powers.

Short URL : https://goo.gl/f8TE5k
  1. https://goo.gl/9VrMjA
  • https://goo.gl/RJJXCP
  • https://goo.gl/gfK9NZ
  • https://goo.gl/6aQde9
  • https://goo.gl/lVQYSr

You can also read ...

Russia Signs EAEU-Iran FTZ Agreement
Russian Prime Minister Dmitry Medvedev signed an interim...
Google spent more than half a billion dollars last year to establish smart home company Nest in sectors like security cameras, alarm systems and video doorbells.
Google parent company Alphabet reported first quarter earnings...
Ransomware Attack Hit Ukraine Energy Ministry Website
The website of Ukraine’s energy and coal ministry website has...
Hand-Woven Carpet Exports at $424m Last Year
Some 5,400 tons of hand-woven Persian carpets worth $424...
Labor Ministry Reports Provincial Share of GDP
The Ministry of Cooperatives, Labor and Social Welfare’s...
Modern Irrigation Systems  Installed Over 180,400 ha Last Year
More than 180,400 hectares of farmland were equipped with...
S. African Delegation to Visit Semnan
A South African business delegation of economic players in the...
Non-Oil Trade With Italy  Up 9.6%
Iran traded $1.85 billion worth of non-oil goods with Italy in...

Trending

Googleplus