Economy, Business And Markets

Fate of Iran’s Airplane Orders in European Hands

Fate of Iran’s Airplane Orders in European HandsFate of Iran’s Airplane Orders in European Hands

The fate of Iran Air’s post-sanctions contracts with western planemakers depends on European’s reaction to US President Donald Trump’s expected decision to leave the 2016 nuclear deal, an advisor to Iran’s roads minister said.  
“It is very hard to make predictions about the upcoming conditions, but European’s reaction is the key factor on the fate of these contracts. Planes’ delivery process will face no hurdle if they remain committed to the deal and decide to keep on working with Iran,” Ali Asghar Fakhrieh-Kashan was quoted as saying by ILNA.
“But their hesitation or cautious behavior toward Iran, in case the US administration revives sanctions, would affect many developments, including Iran Air’s plane orders.”
Referring to the licenses issued by US Treasury’s Office for Foreign Assets Control for selling planes to Iran and said, the official said, “These licenses are issued based on the Joint Comprehensive Plan of Action (the formal name of the nuclear deal Iran signed with world powers in 2015)...


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