If Airbus thought to have taken the lead in signing with Tehran an agreement for the delivery of 118 aircraft weighing 25 billion in January, the European manufacturer is perhaps went a little fast. Boeing, its direct competitor, just to catch up in a jiffy. Sunday, June 19, Iran has announced having agreed with Boeing to buy 100 aircraft that will fly him to color with Iran Air. The parties are waiting for the green light from the US Treasury Department to finalize the transaction, valued at $ 17 billion.
This agreement is a direct result of the lifting of some international sanctions that prevented Iran from buying Western aircraft for nearly 40 years. Since 16 January 2016, the country can now consider almost entirely renew its aging fleet. “Of the 250 aircraft [line] of Iran, 230 are to be replaced,” said Ali Abedzadeh Sunday, the head of the organization of civil aviation of Iran.
& gt; & gt; & gt; Read on France 24: “Airbus opened a factory in the US to compete with Boeing”
The only problem that might jeopardize these projects: all sanctions imposed on Iran have not been lifted, far from it. US banks in particular have the ban on trade with Iranian companies. As for non-US banks, they have an obligation to endorse the US Treasury any transaction transiting through the United States – which is very common in the case of international contracts. What complicates matters Boeing and more Airbus waiting for five months the green light from the US Treasury to sign this major contract and honor his commands.
disguised protectionism? Legislative imbroglio? Ardavan Amir-Aslani, French-Iranian lawyer and business advisor to PSA Peugeot-Citroen, or Bolloré in Iran for France 24 decrypts the complexity of the situation and its challenges.
France 24: Why the Iranian Airbus contract, which is a French company, he depends on the US Treasury? International sanctions against Iran’s nuclear have they not been removed on 16 January
Ardavan Amir-Aslani: If it is true that sanctions striking Iran because of the nuclear were lifted, the fact remains that some US sanctions against this country remain in place, including those for products manufactured in the United States. Once a product has any more than 10% of US components, then it must obtain a license from OFAC (the US Office of Foreign Assets Control) dependent on the Treasury and has the power to restrict trade relations with Iran. This is the case of Airbus, whose contracts are blocked, because over 10% of their components are of American origin.
As though the Airbus aircraft would not contain US parts, the OFAC published a list of 1 000 pages entitled “Specially designated nationals” [specifically targeting companies linked to the revolutionary Guards and that works like a black list]. Contracts with these companies is prohibited. Now the airline Mahan Air, whose fleet is almost exclusively made up of Airbus, there still appears. Inclusion on this list means that anyone deal with an entity listed there is likely to be sanctioned by the Americans. This does not operate in favor of Airbus, as one of its major customers is thus off.
What is the risk to Airbus if nothing changes?
The Airbus license application five months after its formulation is still not granted. Meanwhile Boeing, an American company, if any, has plenty of space to explore and sell airplanes. If nothing moves, the Airbus agreement, but also most of the agreements signed during the visit of Iranian President Hassan Rouhani in Paris in January, will not see the day [15 billion euros of contracts which Iran is firmly committed].
as a US company, Boeing also is subject to the approval of the US Treasury, can the case be released faster than Airbus?
There is no doubt that the US administration will not block the sale of Boeing aircraft to Iran Air. There are four days (June 15) the American Secretary of State, John Kerry, met with Iranian Foreign Minister Mohammad-Reza Zarif in Oslo about sanctions.
the United States are using their domestic law to advance the interests of their industrial champions at the expense of competition. There may even have laws that only serve to advance partisan interests of a country at the expense of the legitimate interests of others. The right way to becoming the instrument of hegemony or economic favoritism
First post:. 19/06/2016
No comments:
Post a Comment