Aircraft Manufacturers Vying for Iran Market
TEHRAN (Tasnim) – Major aircraft makers and spare part producers have reached out to the Iranian companies to grab a share of the country’s potentially lucrative market once the anti-Iran sanctions are eased, an Iranian official said.
Speaking to the Tasnim News Agency on Sunday, Iran’s Deputy Minister of Road and Urban Development Ali Mohammad Nourian said the aircraft manufacturers have increasingly contacted Iranian firms recently.
He said the foreign aircraft makers are going to extremes not to lose Iran’s lucrative market and to guarantee their presence in the country once trade conditions are normalized.
“A positive atmosphere is currently being shaped in all fields,” Nourian said.
Back in April, Boeing Co., the world's biggest airplane maker, and engine maker General Electric Co. announced they had received waivers from the US Treasury Department to export certain spare parts for commercial aircraft to Iran under a temporary sanctions relief deal that began in January.
Both Boeing and GE had applied for permission to export aircraft parts to Iran based on a six-month interim deal agreed by Iran and six world powers in November last year.
On November 24, 2013, Tehran and the Group 5+1 (the five permanent UN Security Council members plus Germany) signed an interim deal on Tehran’s nuclear program Geneva. The Joint Plan of Action, which has come into effect since January 20, stipulates that over the course of six months, Iran and the six countries will draw up a comprehensive nuclear accord.
The two sides are now engaged in a fresh round of negotiations in Vienna to clinch the permanent nuclear agreement, which will lead to a lifting of the whole sanctions on Iran.