JammyBritton27
Topic Author
Posts: 60
Joined: Wed Oct 11, 2017 2:28 pm

Boeing, Airbus to lose $40 billion on nuke-deal exit

Wed May 09, 2018 8:05 pm

In 2015, when then-President Barack Obama agreed to lift the sanctions on Iran in return for curbs on the country’s nuclear ambitions, US companies were elated by the opening up of a new market with a population of over 80 million. Major firms were quick enough to grab a piece of this pie, signing deals and making investments. Hardly would they have imagined that the sanctions will be replaced within a span of just three years.
Boeing, as well as its European counterpart Airbus, will together lose deals worth about $40 billion as both the companies had obtained licenses to sell passenger aircraft to Iran. These licenses are now expected to get revoked, according to US Treasury Secretary Steve Mnuchin. The deal that Boeing signed under the nuclear accord in December 2016 is valued at around $17 billion.
https://news.alphastreet.com/boeing-gen ... deal-exit/
 
SWADawg
Posts: 516
Joined: Tue Dec 03, 2013 6:43 pm

Re: Boeing, Airbus to lose $40 billion on nuke-deal exit

Wed May 09, 2018 8:12 pm

Boeing never booked those orders though. Airbus on the other hand? Yes, they were definitely counting on those orders. I don’t think this will hurt Boeing as bad as Airbus though.
My posts are my opinion only and do not reflect the views of Southwest Airlines
 
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kjeld0d
Posts: 429
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Re: Boeing, Airbus to lose $40 billion on nuke-deal exit

Wed May 09, 2018 8:21 pm

oops!
 
leghorn
Posts: 845
Joined: Sun Jan 22, 2017 9:13 am

Re: Boeing, Airbus to lose $40 billion on nuke-deal exit

Wed May 09, 2018 8:29 pm

SWADawg wrote:
Boeing never booked those orders though. Airbus on the other hand? Yes, they were definitely counting on those orders. I don’t think this will hurt Boeing as bad as Airbus though.

ABC
Always Be Closing. The imperative is that you must make the sales. No company doesn't want profitable business. You open up profitable large new markets before someone else(cough...chinese) steals them from you.
This is capitalism 101.
 
YYZLGA
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Joined: Fri Dec 09, 2016 4:28 am

Re: Boeing, Airbus to lose $40 billion on nuke-deal exit

Thu May 10, 2018 12:46 am

Could Airbus make a "Europeanized" version of some of its aircraft with no American parts to get around US sanctions? Supposedly Russia is doing this, and their aerospace sector is far smaller and less sophisticated than Europe's.
 
SC430
Posts: 189
Joined: Tue Dec 26, 2017 11:45 pm

Re: Boeing, Airbus to lose $40 billion on nuke-deal exit

Thu May 10, 2018 12:57 am

YYZLGA wrote:
Could Airbus make a "Europeanized" version of some of its aircraft with no American parts to get around US sanctions? Supposedly Russia is doing this, and their aerospace sector is far smaller and less sophisticated than Europe's.


7,000 planes in backlog and they should jump through hoops for the Iranians??? 100 planes , IF Iran could get them financed is 1.4% of their backlog - big deal
 
DDR
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Joined: Sat Sep 28, 2013 11:09 pm

Re: Boeing, Airbus to lose $40 billion on nuke-deal exit

Thu May 10, 2018 1:01 am

YYZLGA wrote:
Could Airbus make a "Europeanized" version of some of its aircraft with no American parts to get around US sanctions? Supposedly Russia is doing this, and their aerospace sector is far smaller and less sophisticated than Europe's.


This is what I have asked. No one seems to know the answer. Apparently it will take a long time.
 
YYZLGA
Posts: 330
Joined: Fri Dec 09, 2016 4:28 am

Re: Boeing, Airbus to lose $40 billion on nuke-deal exit

Thu May 10, 2018 1:17 am

SC430 wrote:
7,000 planes in backlog and they should jump through hoops for the Iranians??? 100 planes , IF Iran could get them financed is 1.4% of their backlog - big deal


I would imagine they'd think of it more as a risk-mitigation measure, as well as a political statement. The US is currently pursuing a possible trade war with China, for example. If sales to China were somehow disrupted, it would become a much bigger deal.
 
Planeyguy
Posts: 69
Joined: Tue Oct 17, 2017 1:12 am

Re: Boeing, Airbus to lose $40 billion on nuke-deal exit

Thu May 10, 2018 1:18 am

DDR wrote:
YYZLGA wrote:
Could Airbus make a "Europeanized" version of some of its aircraft with no American parts to get around US sanctions? Supposedly Russia is doing this, and their aerospace sector is far smaller and less sophisticated than Europe's.


This is what I have asked. No one seems to know the answer. Apparently it will take a long time.

Boeing also shouldnt build parts of the 787 in Europe
 
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scbriml
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Re: Boeing, Airbus to lose $40 billion on nuke-deal exit

Thu May 10, 2018 2:01 am

Planeyguy wrote:
Boeing also shouldnt build parts of the 787 in Europe


Then do what with them? :confused:
Time flies like an arrow. Fruit flies like a banana!
There are 10 types of people in the World - those that understand binary and those that don't.
 
inferno
Posts: 30
Joined: Sat Apr 29, 2006 10:15 pm

Re: Boeing, Airbus to lose $40 billion on nuke-deal exit

Thu May 10, 2018 2:29 am

scbriml wrote:
Planeyguy wrote:
Boeing also shouldnt build parts of the 787 in Europe


Then do what with them? :confused:


Might as well just stop trading with each other. Each country just have their own aircraft manufacturer. Not practical? Well, just stop flying.

This trade war is only self-destructive. This is why I don't see Boeing producing any new civilian aircraft beyond the 797. Military aircraft? Yes, to defend America's borders in the Middle East.

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