Iran and Boeing deal: more than a simple purchase

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It had not so much time passed since the agreement to buy 118 aircrafts between Iranian officials and European Airbus. Iran reached a historic deal with American Boeing to buy 100 aircrafts to be used by Iranian fleets. It could be a little bit confusing when the first picture emerges from the issue as do we really need that much of aircrafts for our fleets or something behind the scenes are impacting the economic realities. Iranian civilian aircraft fleets must be renovated taking into account the need for expansion of domestic and international routes, along with an expected trend of Iranian integration to international community which implies more passenger and cargo transfer.

However, the current deal with Boeing is more than just an extravagant purchase stream of new Aircrafts. It is the first time in contemporary history of Iran after the Islamic Revolution that we are engaging in such a deal with a prominent US based company. This deal, not only discredits such claims defining the historic nuclear deal as nothingness and absolute loss from its very beginning, but also reinforces those optimistic views that the nuclear deal is a first step to solve all hostility between Iran and the West, since selling aircrafts to Iranian airliners had been banned far before nuclear dispute emerged. Such a deal with a US based company would certainly open the way to more cooperation between Iranian and Western companies in other issues.

Such a deal in effect, suggests that both Iranian and American sides, as two real parties in the nuclear deal, are committed to the deal, as any nonperformance from each side could have enormous, and mostly negative, economic and financial impacts. Other hesitant countries and companies would also become assured that there would be no such thing as dismantled and ineffective nuclear deal, forcing them to realize that did not overcome their indecisiveness, they would lose potentials within Iranian markets and sooner or later someone else would catch the opportunity, as is happening in the renovation of aerial fleets.

Iran’s buying aircraft from Boeing should be a deterrent to any party to disrupt the nuclear deal just because of a few nagging countries, since, specifically in this case, the interests of a US entity is involved, suggesting that any irrational hindrance to JCPOA moving forward, must surely considered a threat to the United States’ interests. Moreover, unlike European companies who are normally submitted to United States decisions, American companies, especially at the scale of Boeing’s, have effective lobbying power to influence US government decisions, providing a supporting base for nuclear deal itself.

It is unlikely that even Donald Trump, the most probable Republican presidential nominee so far, choose to blow up the deal, as although in some situations he might say he would do such a thing, his core agenda is completely against those nagging opponents of the nuclear deal. For purchasing aircrafts becomes effective, it must be also a banking route opened for money transfer to Iranians being able to pay for the proposed purchases, implying a prospect that banking restraints, even those for US dollar transactions, are subjected to major relief.

FAR law firm

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