Lifting of Iran sanctions means big business for Boeing and Airbus

Posted on 3 Aug 2015 by Aiden Burgess
Western aircraft manufacturers such as Boeing and Airbus could be among the biggest winners of the nuclear agreement, with Iran needing between 400 to 500 civilian aircraft in the next decade worth at least $20bn.

Boeing and Airbus are set to benefit from Iran’s sanctions being lifted with the country planning to buy as many as 90 planes per year from the two aircraft manufacturers.

Boeing and Airbus are set to be among the first beneficiaries of the new nuclear agreement between Tehran and world powers which led to the Iran sanctions imposed by the West being lifted. Caretaker director of Iran’s Civil Aviation Organization, Mohammad Khodakarami, said the country would be rebuilding its commercial air fleet by purchasing Boeing…

This content is for subscribers only. Subscribe now for free to read the full article.