Iran seals deal with Boeing to buy 80 planes worth $16.6B

[TexasTowelie]

Source: Chicago Tribune

Iran's flag carrier finalized a major deal with U.S. plane maker Boeing Co. to buy $16.6 billion worth of passenger planes Sunday in one of the most tangible benefits yet for the Islamic Republic from last year's landmark nuclear agreement.

Iran Air's deal for 80 jetliners is the biggest agreement Iran has struck with an American company since the 1979 revolution and U.S. Embassy takeover. It has the potential to transform Iran's creaking and accident-prone aviation industry, which has been hobbled by years of sanctions.

Those curbs have prevented the country from buying new planes from Chicago-based Boeing and European rival Airbus, and in many cases made it difficult for Iranian airlines to secure much-needed spare parts.

The deal covers 50 single-aisle 737 Max 8s, a soon-to-be-introduced version of Boeing's existing narrow-body 737 line.

Read more: http://www.chicagotribune.com/business/ct-iran-boeing-deal-20161211-story.html

[agalisgv]

1. Trump doesn't know how to respond to this

Guess he'll just ignore it.

[PSPS]

2. Boeing gave Trump $1 million last week, so he'll be OK with it unless he wants more vigorish.

[agalisgv]

3. Wasn't aware they gave him 1 million last week

But I admit I can't keep up with the "deals"

[ReverendHeretic]

16. Maybe it wasn't bigly enough?

Funny how the constant drip drip drip of Trumpenstien policies are eroding (albeit slowly) his GOP support in the Senate. The house, so far, seems immune, especially the Tea baggers. If Trump interferes with Boeing's sale, and it cuts thousands of jobs of those who make commercial, not military aircraft, I suspect even some Tea baggered congressmen will start to feel the heat.

[agalisgv]

18. Yes. Seems like money is the one GOP motivating factor. n/t

[doc03]

4. Gee if Trump trashes the Iran nuke deal and puts sanctions on Iran

they just may cancel their Boeing order and we will lose a lot of jobs, won't we?

[TexasTowelie]

5. That will get buried

in the news and so will the workers.

[wordpix]

20. a muddy part of the Iran deal is what happens to a contract if sanctions are "snapped back"

If a company (e.g. Boeing) has a contract with Iran first and sanctions are re-imposed later, apparently the contract is grandfathered and can go through. OTOH, if Iran is using the contract (in this case, planes) to jump start its nuke weapons program, maybe not. Critics of the deal say Iran could use the planes to ferry nuke weapons components. That is true but there are a lot of eyes watching ---IAEA, UN Sec. Council, P5 +1 nations.

[busterbrown]

6. Good Job Boeing..

Trade is good with Iran...

[ReverendHeretic]

17. Jaw jaw vs. war war?

Hamilton knew that debt made a country grow stronger. He understood that trade between enemies mad war far less likely. He realized that diplomacy (even though he personally was mostly undiplomatic)

[roamer65]

7. Washington state: If Dump scuttles the Iran deal, manufacture and deliver the planes anyway.

It's a states' rights issue.

[jmowreader]

8. How fast can Boeing make 80 jetliners?

Can they get them done and out of the country before Miss Clairol decides to re-embargo Iran?

[Angleae]

11. They'd be lucky to see the first plane before he leaves office.

Boeing keeps a multi-year backlog of aircraft on order for each type. If they can't keep a backlog they usually shut down production of that type of plane.

[melm00se]

14. According to Boeing

as of November 2016, their back log is ~5600 planes.

http://www.boeing.com/commercial/#/orders-deliveries

[avebury]

9. So is this why he is

really against the new Air Force 1? He wants to be able to go after Iran and he needs Iran to be a pariah not normalized.

[Vinca]

10. Watch for the tweet.

[Recursion]

12. Good luck passing sanctions now, Republicans... (nt)

[dembotoz]

13. Makes the carrier deal chump change

[keithbvadu2]

15. Is Trump going to take credit for this sale? It's yooooooge.

[Sunlei]

19. good for American jobs and good for Iran to upgrade their Airliners.

[Dawson Leery]

21. This is the REAL reason he attacked Boeing.

This conflicts with his Iran Policy.