Boeing sales to Iran at risk as Trump revisits N-deal

epa04177162 (FILE) A file photo dated 11 February 2014 showing a model display of Boeing 777-300 ER aircraft at the Singapore Airshow at Changi Exhibition Centre in Singapore. Boeing Co. reported higher revenue 23 April 2014 as first quarter deliveries of its 787 Dreamliner increased from a year earlier. Despite the rise, profits dropped 12 per cent to 965 million dollars as the world's largest planemaker booked a one time charge of 334 million dollars on retirement costs. The company said it boosted revenue by 8 per cent to 20.47 billion dollars, compared to 18.89 billion dollars a year ago, when deliveries of the 787 Dreamliner was temporarily halted due to fire risks in its battery system. In total Boeing delivered 161 jetliners in the period, compared to 137 in the year earlier quarter.  EPA/TOM WHITE

Bloomberg

The Trump administration is considering blocking planned sales by Boeing Co., Airbus SE and General Electric Co. to Iran, as the president reconsiders the 2015 deal to curb the Islamic Republic’s nuclear programme, a person familiar with the matter said.
No recommendation has yet been made to President Donald Trump and his administration is also considering letting the sales proceed, the person said.
Blocking the sales would potentially lead Iran to abandon the deal which had introduced restrictions on its nuclear programme, an alarming prospect for some of Trump’s national security advisers. The decision also puts in conflict two of Trump’s top priorities: confronting Iran, which he considers a threat to regional stability in the Mideast; and reinvigorating American manufacturing.
Boeing, the top US exporter, has about $20 billion in jetliner sales to Iran planned. If completed, the transactions would be the first US aircraft exports to Iran since the Shah era in the 1970s.
Trump has long had the Iran nuclear deal, signed by his predecessor, Barack Obama, in his sights. The president announced in October that the agreement didn’t serve US national security interests and that Iran wasn’t living up to the spirit of the accord, citing its involvement in military conflicts in Syria and Yemen.
He refused to certify that Iran was in compliance with the agreement, a move that allows Congress to re-impose sanctions on the country that were relaxed after Obama signed the deal.
But Congress hasn’t acted on its authority and the US hasn’t withdrawn from the deal it signed with Iran, Germany, the UK, Russia, China and the EU.
The Wall Street Journal reported earlier that the Trump administration was considering blocking the sales, partly out of concern that Iran would use the planes to transport military equipment to its allies in Syria and elsewhere.
A State Department official, who asked not to be identified discussing internal deliberations, said the administration would not issue export licenses for sales to Iran unless they are convinced the aircraft will only be used for civilian passenger aviation. The first Boeing deliveries are scheduled for late 2018.

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