Up in the air: Boeing's big Iran Air deal faces multiple obstacles
Despite Iranian politicians claims a week ago that a final deal for 80 Boeing jets would be inked in days, no final sales contract has been signed, Boeing executives say.
The Chicago-based jet maker (NYSE: BA) also hasn't sought an export license to create a parts supply concession in Iran either, Boeing executives told the Puget Sound Business Journal's editorial board.
A parts concession would allow Boeing to manufacture some parts of the jets in Iran much like it already does in China.
"The deal is still being worked on," said Tim Neale, a director of public policy communications for the Boeing Commercial Airplanes political office in Arlington, Virginia. "Until there is a final contract that the two sides can talk about, we won't speculate on what that's going to look like."
A week before the Nov. 8 presidential election, Iranian politicians said in media reports that Boeing and Iran Air were days away from signing the final deal for 80 aircraft, including 34 widebody jets to be made in the Puget Sound area, a deal worth $25 billion at list prices.
Asked if Boeing is working with President Barack Obama's administration to accelerate the sale to Iran before President-elect Donald Trump takes office in mid-January, Neale said only that "It will happen when it happens."
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