US, Japanese Banks to Finance Boeing Deal
US, Japanese Banks to Finance Boeing Deal

US, Japanese Banks to Finance Boeing Deal

US, Japanese Banks to Finance Boeing Deal

American aircraft maker Boeing and an American bank have reached an agreement to finance Boeing’s deal with Iran through a bank in Japan, an unnamed government official was quoted as saying  by Tasnim News Agency on Friday.
The report did not provide details on the huge funding agreement.
Last week, Boeing announced that it was making progress on a deal to provide more than 100 commercial aircraft to Iran, with a total estimated price of $17.6 billion, though none will be delivered in 2016.
On September 21, US Treasury Department Office of Foreign Assets Control allowed Boeing to sell more than 100 planes to the Islamic Republic.
The approval came for the first time in almost 40 years, paving the way for the biggest business transaction between the two nations since the 1979 Islamic Revolution.
Iran and the US do not have diplomatic ties for almost four decades and the latter has imposed stringent economic and banking restrictions on Tehran due to its nuclear energy prorgam and other disputes, namely human rights and missile development programs.

Short URL : https://goo.gl/Zmv4Gm
  1. https://goo.gl/IPfncK
  • https://goo.gl/a0DKqT
  • https://goo.gl/ZFw7pp
  • https://goo.gl/yqeUec
  • https://goo.gl/YeyvE8

You can also read ...

German firms, especially those without business links to the US, want to continue their Iran business.
While Germany’s big banks are studiously avoiding Iran-related...
New Rules Allow  Direct Forex Sale
Businesspeople that have validated their purchase orders are...
Iran is the world’s biggest saffron producer and accounts for more than 90% of the global production.
Iran Mercantile Exchange launched saffron futures trading for...
Iran Khodro Expanding Presence in Iraqi Market
Iran’s largest carmaker, Iran Khodro, is set to export 6,000...
Tesla Admits Model 3 Braking Issue, Promises Fix
Tesla Inc’s Chief Executive Officer Elon Musk admitted on...
Uber Plans Taxi-Hailing  in Japan
Uber Technologies plans to launch its first taxi-hailing pilot...
Prices have been jacked up by car dealers and some makers by 6-22% only in the past few weeks.
Authorities are set to ratify new car prices for models...
Banking Amendments Approved
The Money and Credit Council approved the Central Bank of Iran...

Add new comment

Read our comment policy before posting your viewpoints