The
US government’s withdrawal from a deal to limit Iran’s ability to obtain
nuclear weapons puts an end to a nearly two-year old plan by Iran to acquire or
lease 117 Boeing aircraft.
President
Donald Trump announced on 8 May plans to withdraw the USA from a “disastrous
deal” called the Joint Comprehensive Plan of Action (JCPOA), which the Obama
Administration signed with Iran and four other countries in October 2015.
The
deal was designed to limit Iran’s ability to acquire nuclear weapons within the
next decade, but Trump won election in 2016 partly by campaigning against the
terms of the JCPOA.
“We
cannot prevent an Iranian nuclear bomb under the decaying and rotten structure
of the current agreement,” Trump said during a speech in the White House on 8
May.
The
JCPOA removed sanctions that prevented Iranian airlines from purchasing
aircraft sold by US-based manufacturers.
In
June 2016, Iran Air signed a deal with Boeing to buy 80 commercial aircraft,
including 15 777s, and lease 37 more 737s. The deal was valued at $17.6
billion. Deliveries originally were set to begin in 2017, but were deferred to
this year.
In
late April, Boeing chief executive Dennis Muilenburg said his company was
following the lead of the US government’s policies towards trade with Iran.
“We've
ensured that from a skyline management standpoint and from a production systems
standpoint, we are not dependent on those aircraft,” Muilenburg said during a
first quarter earnings call on 25 April.
(Evangle Luo of TTFLY shared with you)
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