Sunday, June 19, 2016

Blood Money: Iran Aviation Official Says Boeing Sale Involves 100 Planes

How an American company can do business with Iran just doesn’t make sense to me.
Fox News reports Boeing Co. is negotiating a deal to sell 100 airplanes to Iran, state-run media reported Sunday, a sale potentially worth billions that would mark the first major entry of an American company into the Islamic Republic after last year's nuclear deal.

Chicago-based Boeing declined to discuss details of the talks or the figure of 100 planes, attributed to Ali Abedzadeh, the head of Iran's Civil Aviation Organization.

Regulatory hurdles and U.S. sanctions that remain in place after the nuclear agreement could complicate the deal. Despite efforts by the U.S. State Department to encourage trade to Iran, many American firms remain worried about the legal and political ramifications of any agreements with the country.

The state-run IRAN newspaper quoted Abedzadeh as saying negotiations took "several stages" and final figures and terms had yet to be reached.
"Both sides — Iran and Boeing — have reached a written agreement for buying Boeing airplanes," Abedzadeh was quoted as saying.

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