Sunday June 19, 2016

I've Been Thinking:

This past week Iran signed a deal with Boeing for 100 passenger jets. And a few weeks earlier Iran signed a deal with Airbus for 118 planes.

This is enormous. The newest Iranian plane was a 1994 Airbus. Their fleet is so old that most of the planes are from the 1970’s - from before the revolution.

The condition of Iran's planes and their safety was so poor that they are not allowed fly over Europe. This is all the results of the sanctions that did not allow spare airplane parts to be imported to Iran.

Before this purchase Iran only had 46 jets. Now they will have nearly 220 brand new planes and the EU has already approved flight plans with the new planes.

The price of the planes will total about $60 billion. It is an investment that will have huge benefits for Iran.

We are seeing more and more doors opening for Iran. We are witnessing massive changes. It signals that there will be almost no way to snap sanctions back on sanctions Iran. Actually, just the opposite.

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