Thursday December 22, 2016

I've Been Thinking:

In a few weeks Iran will be receiving their first Airbus commercial plane. It will upgrade their antiquated fleet. The plane is scheduled arrive in Teheran just after the New Year.
A journalist witnessed the Iran Air logo being painted on the Airbus.

The initial plan is for Iran to purchase 100 Airbus planes for about $1 billion. In the final stages Iran will get twice as many Airbus planes - about 200 planes. And it seems that on top of all that, Iran just signed another deal for another 80 Airbus planes.

There is also talk about the planes being leased by several leasing company. Word is that the leases would be in Euros and not in dollars.

Normally Airbus requires payment in dollars.

Sanctions have been lifted and Iran is off and running. With the new planes they can expand their tourism market and they will, once again, be permitted to fly over and get landing rights in airports around the world. Given the condition of the old planes Iran was not permitted to fly over many European countries or land in many airports.
The Airbus deal is very important for Iran.

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