The Seattle Times reports Boeing’s $9.5 Billion Iran Deals, Always Uncertain, are Now Effectively Dead.
Following President Donald Trump’s scrapping of the Iran nuclear deal Tuesday and his imposition of what he called “powerful” sanctions, Boeing’s prospective sale to Iran of jets worth $9.5 billion is effectively dead for the foreseeable future.
For Boeing, it’s a lost opportunity rather than a blow to current plans.
In contrast, rival European jet maker Airbus, which won orders for 98 aircraft worth about $8.4 billion from Iran, formally added those sales to its order book and rushed to deliver the first airplanes as soon as it was legal.
A fiend with strong ties to Boeing commented:
- Boeing never booked the orders, but Airbus did- so they will hurt more.
- Airbus uses a lot of US parts ( like engines etc.) and thus subject to US sanctions. They do more business in US and elsewhere, so I expect they will comply w/ US sanctions.
- The real tragedy is the Iran aircraft in service are very old and dangerous and not maintained. Boeing is not allowed to go there and repair. They have had a lot of crashes in recent years.
Former CIA Chief Comment
Today, Donald Trump simultaneously lied about the Iranian nuclear deal, undermined global confidence in US commitments, alienated our closest allies, strengthened Iranian hawks, & gave North Korea more reason to keep its nukes. This madness is a danger to our national security.
— John O. Brennan (@JohnBrennan) May 8, 2018
Those are my sentiments exactly.
Trump’s move is so stupid in so many way. For further discussion, please see Trump Cancels Iran Deal: Complete Video – Well Delivered Lies and Innuendo.
Mike “Mish” Shedlock
US leadership in the world is gradually becoming a mockery.
Europe will not be coerced into sanctions, and will fight back, making it illegal for companies to comply. Trump is probably just doing this for the show, and will never get meaningfull sanctions in place. Perhaps the European leaders already know this, and the whole thing is theatre.
If you want to guess at any foreign policy decisions by Trump, just assume he will do whatever Israel wants.
Commenting works here. It just works very differently than everyone expects it to. That’s poor design, but once you get used to it, it’s not that bad.
The web page you cited only shows that a judge accepted the arguments of the plaintiff. Note that it does NOT discuss the arguments of the defendant (Iran) in the case. The reason is that Iran, as a sovereign nation, does not recognize American court’s jurisdiction, and did not provide any legal defense. Therefore the judge is required to find for the plaintiff. Unfortunately, it does not prove anything.
Totally agree, quoting Brennan is not persuasive to anyone who believes in non-interventionism.
Mish… you are an equal basher! …and for good reason!
Please re read They aided Osama bin Ladin didn’t plan it but nonethele
ss were complicit. As far a the Shiia Sunni antagonism, did anyone ever hear the phrase “the enemy of my enemy is my friend”???? Its well documented they , the Iranians , had their fingerprints in a minor capacity at least on the catasrophy. Obama as well as his minister thought we deserved it. That is why he was the worst POS ever as president
No organization has done more to undermine the confidence of the world community than the CIA. A tweet from Director Brennan isn’t worth anyone’s time. 9bn is a drop in the bucket relative to the arms sales that will result from ongoing conflict.
Mish – I agree that entire region is like trying to buff a turd. Nothing against the people though. …and you’re right our sanctions only hurt the common man. But, we can’t continue to fund these rogue gov’ts that take our money, profits, etc. and turn it against us. They all lie for their own purpose!! Boeing and Airbus will be fine.
Good thing these blogs are anonymous (for commenters). There’s no way on God’s green earth I would state publicly
the Russians won the election for Trump or had any involvement. You need to be a special brand of stupid to believe that garbage. Sounds like you should turn MS TV off and start thinking for yourself. I’ll concede though, it’s a free world so believe what you will. Good luck.
And then, when some entrepreneurial Chinese outfit steps in to fill the void Boeing and Airbus are ceding (as in, selling planes to a part of the world where there is actually a growing population hence market for them….): The reliably well indoctrinated retard army, can be counted on to pump their fists in support of their assigned tyrant, babbling on about how the baaad, mean hobgoblin is “stealing” “our” “property,” And how “we” need to pay more taxes and higher prices to hire more tax feeders and provide more rent for the taxfeeders’ social circle to seek.
EU will appease to help keep their show on the road. They couldn’t wait to get on a plane to Iran, they were all over them in no time.
It’s not really true that Airbus has to cancel the Iran deal. The customer chooses the engines for the plane, and there are some options: United Technologies (US), Rolls Royce (UK), Safran (Fr). They might look for Russian engines, but the problem is international service. The US as a reliable partner has gone out of the window, anyways.
Mish a Trump “Fanboy” That’s a hoot. I have been accused or the exact opposite. The fact of the matter is, and my posts prove it, I am an equal party basher. I do not give a rat’s ass about party politics. I care about principles.
I hope your sarcasm detector is repaired soon. I can’t lay it on any thicker than that, short of renting searchlights and some tube men(the wacky waving inflatable arm flailing kind).
You obviously do not understand Islamic sects or you would understand how ludicrous that statement is.
You’re wandering well into paid troll territory here. Iran behind 9/11? Are the Sunnis and Shia reversed in your bizarro-world? What about Saudi Arabia? What about the dancing high-fivers in Brooklyn? There are a lot of countries and groups that can be connected to 9/11, but Iran and the Shia are not among them.
And no, it is not unusual for the Arabs and Israelis to applaud this. Israel and Saudi Arabia, besides being (unfortunately) our two best friends in the world, work together much more than either would readily advertise. Recently the Saudis have finally started admitting this.
Quoting Brennan (a deep state actor who lied under oath) doesn’t strengthen the argument.
Does anyone think its unusual for Arabs and the Israelis to both applaud this decision. The Europeans are only interested in making a profit and their policy of appeasement lives on. The fact the Brennan the most useless evil POS is against this deal persuades me to side with Trump. Brennan like Obama was either a muslim or a sycophant for Islam.
Are you kidding me? Mish is constantly bashing Trump. Bashed the tariffs relentlessly, just bashed the Iran stance, and bashed other things. You must not read the blog regularly.
http://www.iran911case.com
Anyone think it’s a coincidence that Deutsche Bank announces plans to lay off 20% of its U.S. workforce the day the Iran deal is scuttled? DB has a history of dealings with Iran during the sanctions period, and may have been depending on U.S. payments to Iran funneled to DB to remain solvent. Trump may be killing many birds with one stone, Iran, Eurocrats, deep state. More is at play here than meets the eye.
I just find it really odd that someone keeps coming back to blog they dislike so much. Very odd.
Ooh hit a couple nerves guys, I thought you were contrarians! Can’t take the heat when it’s going the other way?
Mostly opposition research and a contrarian read on economic trends. Mish gets it right about as often as the next guy, which is to say, not often. But I was offended by his behavior leading up to the presidential election, and dismayed to see him parroting alt-right b.s., and I’m looking forward to watching him eat his words about the lack of Russian involvement in Trump’s win.
Mish is clearly a Trump fanboy. You’ve got him pegged correctly!
I can’t remember the last time I saw any criticism directed toward Trump around here, no siree!
I think Mish puts out interesting info for reading and discussion. That’s why I keep coming back. No one will be right about everything. At least he puts a stake in the ground. I like that. Maybe you can create your own blog?
That is the great thing about freedom, you are free to not read Mish’s blog. If he is so wrong why do you keep coming back to read it?
Funny if sarcasm, really sad and pathetic if not.
Yes we should succumb to greed and make money until the vehemently evil anti US Iranian regime helps engineer another attack on the US. They indeed were complicit in aiding Obama bin Ladin in the 911 attack. Information Obamanation concealed.
Recession finally happens at some random point. Mish: I predicted this!
Mish predicts self-driving trucks and cars taking over America in a couple years.
Mish in a couple years: *crickets*
Mish predicts recession in 2015, 2016, 2017, 2018
No recession yet. Mish: *crickets*
Hillary sneezes and faints. Mish: She has degenerative brain disease
Trump writes his own medical report. Mish: *crickets*
Democrats claim Russians meddled in election. Mish: Nonsense! No collusion.
Putin’s friend’s company pays Trump’s lawyer $500k months after Cohen pays off Trump’s porn star. Mish: *crickets*
Pffft. Trade is so 20th century. Since when did moving goods across borders help anyone? Let’s try bullets and bombs instead!