c-iran-RTR1SJZX-Morteza Nikoubazl

If Trump pulls out of the Iran deal, Airbus and Boeing could lose $32 billion in sales

$32 billion

Airbus and Boeing are selling $32 billion worth in aircrafts to Iran. But those deals are now under threat.

Published   |  Photo by Reuters/Morteza Nikoubazl
c-iran-RTR1SJZX-Morteza Nikoubazl
$32 billion

Since last year, Airbus and Boeing managed to sell hundreds of commercial aircrafts to Iran, including Airbus’ A320s and A330s, and Boeing’s 737s.

c-iran-RTR1SJZX-Morteza Nikoubazl
$32 billion

The sales are good for Iran, as airlines can finally start to replace aircrafts that are decades old.

c-iran-RTR1SJZX-Morteza Nikoubazl
$32 billion

And they are good for the US, where Boeing is based and Airbus buys supplies. They generate revenue and support jobs for both companies and their suppliers.

c-iran-RTR1SJZX-Morteza Nikoubazl
$32 billion

Those deals were only possible because Iran and the West signed a deal in 2015, in which the country promised to stop developing nuclear weapons in return for access to markets.

c-iran-RTR1SJZX-Morteza Nikoubazl
$32 billion

But president Trump might be planning to remove the US from the multilateral deal.

c-iran-RTR1SJZX-Morteza Nikoubazl
$32 billion

That would make it much harder for Airbus and Boeing to receive approval from the Department of the Treasury to close those contracts.

Published

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