Posted on February 24, 2016 linda strong news
Boeing is finally allowed to begin talks with Iranian carriers in regards to their fleet needs. There will be certain restrictions and licensing required for any jetliner sales. On Friday, February 19, Boeing was allowed to begin talks with approved Iranian carriers in the resurgent Iranian aircraft market.
After nuclear sanctions were eased last month, Europe’s Airbus Group placed an early order of $27 billion. Boeing had to take a back seat and was only allowed to provide safety-related aircraft maintenance manuals to Iran Air Tours.
While the Airbus Group and other manufacturers jumped at the opportunity. Boeing was nowhere to be found as Iran’s aviation market opened and was said to be “lagging behind a bit”, stated by Iran Air Chairman Farhad Pararesh. This absence of Boeing was part of an aviation gathering held in Tehran back in January. Boeing stated they were “following licensing process outlined by the U.S. Government”.
Boeing said in an email that “the region is complicated and ever changing”, that they would follow all U.S. government accordance’s and guidance’s. There are uncertain risks and rewards as it goes up against Airbus and others. While Airbus jumped to the early start there are other manufactures that have grabbed a piece of the pie as well. While competition is still a risk for Boeing, the biggest risk is if the next U.S. president reinstates previous sanctions. This would halt any opportunities for the American Aircraft manufacturers.
With the hundreds of jets needed for Iranian’s fleet replacements, the reward is there to be taken. Even with Turkey’s growing tourism, there are 450 jets in service and over 320 more planes ready to order. Boeing’s wide-body 777-300ER jets have the largest chance of sales opportunity within this region.
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