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Financial Constraints Impeding Plane Deals
Financial Constraints Impeding Plane Deals
Monday, April 30, 2018

Financial Constraints Impeding Iran Air Plane Deals

There is no problem regarding required licenses, as the Office for Foreign Assets Control’s license is valid till 2020
Iran’s Bank of Mine and Industry has reportedly financed the purchase of all ATR planes using the National Development Fund of Iran’s resources
Monday, April 30, 2018

Financial Constraints Impeding Iran Air Plane Deals

US President Donald Trump’s threats to leave the nuclear agreement has so far made no direct impact on Iran Air’s contracts to buy airplanes from western planemakers, an advisor to the minister of roads and urban development said.
Gholamreza Salami added that deliveries will continue to be made by 2020, provided the flag carrier manages to arrange for the down payments.
“There is no problem regarding required licenses, as the Office for Foreign Assets Control’s license is valid till 2020. Finding foreign resources to finance Iran Air’s plane order is the only challenge we are facing,”

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04/30/2018
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