The $38 billion deals between Iran and Western aircraft manufactures, faces greater risks after America’s withdrawal from the Iran nuclear accord.
U.S President Donald Trump announced on Tuesday that America is pulling out of the 2015 nuclear accord, which partially lifted decades long ban on selling aircraft and its components to Iran.
Following the 2015 accord, Iran signed order agreements with Airbus and Boeing to buy 200 passenger jets worth $38.3 billion at list prices for state carrier IranAir.
The order included 100 jets from Airbus, 80 from Boeing and 20 from Franco-Italian turboprop maker ATR.
U.S withdrawal of Iran nuclear accord will be blow to Airbus than Boeing as it faces weaker demand for its wide-body A320neo jets. In the mean time, Boeing signalled last month, that the company is no longer dependent on the Iran orders as it has improved efforts to increase sales of its current-generation 777-300ER jets which were part of the Iran deal.
This may open windows for Russian and China made Aircraft to enter Iran’s Aviation sector