CAO: Treasury Secretary's remarks worried US, European firms

EghtesadOnline: US Treasury Secretary Steven Terner Mnuchin’s recent remarks had worried Airbus and Boeing companies more than Iran as it had affected international equities of the US and European firms, Iran’s Civil Aviation Organization (CAO) spokesman said Wednesday.

News ID: ۷۷۶۶۸۱

31 May 2017

Everybody acknowledges that following the nuclear deal, the sale permission for Boeing and Airbus was issued by US Treasury Department Office of Foreign Assets, Reza Jafarzadeh said.

Any curb on selling planes to Iran would be tantamount to the nuclear agreement violation on the American side, which would neither be accepted nor allowed by European states, as it
would be against their companies' interests.

TAccording to IRNA, te US treasury secretary said last week that the Department was reviewing licenses for Boeing and Airbus to deal with Iran, while threatening that new sanctions would be imposed on Tehran.

Boeing and its French rival, Airbus, signed contracts in 2016 to sell a total of 180 commercial aircrafts to Iran. The deals were inked after the international sanctions against Iran were relieved as a result of the implementation of the nuclear agreement.

CAO spokesman also pointed out that due to Iran's market attraction for the airplane companies, and Iranian authorities' seriousness in meeting the country's need, certainly they would not suffice to the contracts (Boeing and Airbus) and would negotiate with other companies to renovate the fleet.