Iran Air to get Boeing aircraft despite US new campaign on Tehran

October. 16 2017

Iran Air claimed that its deal with Boeing will not be affected even if the US chooses to walk out of Iran’s nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA), the Financial Tribune informs.

On December 11, 2016, Boeing and Iran Air has signed an agreement for 80 aircraft including 50 737 MAX 8s, 15 777-300ERs and 15 777-9s, valued at $16.6 billion at list prices. The contract was reached within the terms of the US government license issued to Boeing in September  2016. The first airplanes under this agreement are scheduled for delivery in April 2018.

The same month, Iran Air signed a contract with Airbus for 100 aircraft. For now, Airbus has delivered 3 aircraft.

These agreements were made after Tehran and 6 other countries – China, France, Germany, Russia, the United Kingdom and the United States – signed a landmark deal to resolve Iran’s disputed nuclear program in 2015. As a result, some of the sanctions imposed on Iran’s economy were lifted in January 2016.

The aircraft deals were part of the nuclear bargain, as the US is required to “allow for the sale of commercial passenger aircraft and related parts and services to Iran.”

The Trump administration is expanding its efforts to contain Iran, the administration told reporters in a briefing on October 12, 2017. Trump confirmed that he will start that process by telling Congress the 2015 nuclear agreement with Tehran is no longer in America’s interest, CNBC news channel informs.

On October 13, 2017, Trump outlined a new strategy, which aims to address not just problems the administration sees in the nuclear deal but also in Iran’s ballistic missile program and its role in conflicts throughout the Middle East, issues that were not addressed as part of nuclear negotiations.

The plan includes a diplomatic push to persuade US allies to negotiate a new agreement that would effectively supplement the 2015 Iran nuclear deal.

“In the event, we are not able to reach a solution working with Congress and our allies, then the agreement will be terminated, ” the Financial Tribune quotes Donald Trump. “It is under continuous review and our participation can be canceled by me, as president, at any time. ”

Iran Air CEO Farzaneh Sharafbafi said that the US Treasury Department’s Office of Foreign Assets Control(OFAC) licenses for Iran Air’s Boeing planes have been issued and this decision cannot be canceled.   

 “If the US pulls out of the JCPOA, this will not affect the OFAC licenses … This will not affect Boeing’s contract with us,” Farzaneh Sharafbafi told Financial Tribune in an interview on October 12, 2017.

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