Iranian Rial

[screwball]

My ladies........very interesting informative and right on with supporting evidence!nwhy isn't My Ladies on this forum? Or is he/she?

[screwball]

Airbus announced Wednesday that the U.S. government approved its first sale of 17 planes to Iran after last year's nuclear agreement eased a decades-long economic embargo.

Airbus received a license from the U.S. Treasury Department’s Office of Foreign Assets Control, Airbus spokesman Mary Anne Greczyn said.

“In a country of nearly 80 million people, it is accepted by the industry that there is a market need for some 400 to 500 new commercial planes to replace Iran’s existing, aging fleet and meet growing travel demand,” she told USA TODAY. “Airbus has been working with the relevant authorities for some time to ensure all activities are undertaken in full compliance with applicable laws and regulations.”

Boeing, a Chicago-based manufacturer, has also received a license to sell 80 planes to Iran, the company told USA TODAY in a statement Wednesday. But talks continue about actually selling the planes to the national airline Iran Air, as outlined in a memorandum of agreement signed in June to provide up to $25 billion in aircraft.

"Any final sales agreement would have to adhere to the license we’ve been issued," Boeing said in the statement.

The Airbus planes from the manufacturer based in France will be a combination of A320 and A330 aircraft, another Airbus spokesman, Justin Dubon, said. The A320s list for $98 million each, and the A330-200s start at $231 million, but manufacturers often discount those prices.

A second license for more planes is expected to be granted in the coming weeks, Dubon said. Airbus has an agreement to sell Iran more than 100 planes.

Although Airbus is based in Europe, it still needed to get approval from the U.S. Treasury Department because at least 10% of Airbus components are of American origin, according to the Associated Press.

The aircraft deal followed the agreement last year between the world powers and Iran, which lifted sanctions in exchange for the country curbing its nuclear facilities and allowed the purchase of aircraft and parts. The sanctions followed the 1979 Islamic revolution in Iran, which took over the U.S. Embassy in Tehran.

In a June letter to Congress, Boeing described its agreement to sell Iran Air 80 planes, with deliveries beginning in 2017 and running until 2025. The models comprise six 737NG, 40 737 MAX, 15 777-300ER, 15 777-9X and four 747-8i aircraft.

In addition, the agreement expressed Boeing's intent to help Iran Air find an additional  29 new 737NG aircraft from leasing companies, bring the total plans involved in the deal to 109.

Boeing's license came after Airbus's because the department completed them in the order received, and Airbus filed first.

The House of Representatives voted in July to block aircraft sales by both Airbus and Boeing to Iran, but the Senate has not yet acted. The legislation sought to block the Treasury Department from licensing the sales and to prevent loans from U.S. institutions to finance the deals.

[screwball]

Dubai, United Arab Emirates (AP) -- The U.S. government granted aviation giants Airbus and Boeing permission on Wednesday to sell aircraft to Iran following last year's nuclear accord.

European airplane manufacturer Airbus announced the license from the U.S. Treasury's Office of Foreign Assets Control early Wednesday. Chicago-based Boeing followed with its own announcement later in the day.

The approval clears the way for the two plane manufacturers to access one of the last untapped aviation markets in the world. Both companies have announced separate $25-billion deals to sell aircraft to airlines in the country, although analysts are skeptical that there is demand for so many jets or available financing.

 

The deal would be the biggest for an American company since the 1979 Islamic Revolution and U.S. Embassy takeover.

The announcements come as Iranian and U.S. leaders are in New York for the United Nations General Assembly and shows that the outgoing administration of President Barack Obama is honoring the economic terms of the nuclear pact.

Though based abroad, Airbus needed the approval of the U.S. Treasury's Office of Foreign Assets Control for the deal because at least 10 percent of the manufacturer's components are of American origin.

Airbus applied for two licenses to cover its deal with Iran to ensure the fast delivery of some of the aircraft, Airbus spokesman Justin Dubon told The Associated Press. The license announced Wednesday covers the first 17 planes involved in the deal, which will be A320s and A330s, he said.

 

Dubon said Airbus hoped to receive a second license allowing it to sell the remaining planes to Iran soon.

Iran's U.N. mission did not respond to a request for comment Wednesday. State television referred to an AP report on the sale.

Iran's nuclear deal with world powers, which limits its enrichment of uranium in exchange for the lifting of some international sanctions, specifically allowed for the purchase of aircraft and parts. That's set off a race between airplane manufacturers for the newly opened market, home to 80 million people.

In January, national carrier Iran Air signed agreements to buy 118 planes from Airbus, estimated to be worth some 22.8 billion euros ($25 billion). On Sunday, state TV reported that Asghar Fakhrieh Kashan, a deputy transportation minister, said Iran would cut the number of Airbus planes to 112.

Base model A320s are listed at an average of $98 million, while A330s start at $231.5 million. That puts the value of the approved 17 aircraft in the first license around at least $1.8 billion and possibly much higher based on list prices, though buyers typically negotiate sizable discounts for bulk orders.

Under Boeing's deal, Iran Air will buy 80 aircraft with a total list price of $17.6 billion, with deliveries beginning in 2017 and running until 2025. Iran Air also will lease 29 new Boeing 737s. In a statement, Boeing spokesman Marc Sklar said "we have received that license and remain in talks with Iran Air" based on the memorandum of agreement reach in June.

The Boeing deal has been criticized by American lawmakers over Iran's "pernicious behavior," including launching ballistic missiles, firing rockets near U.S. warships in the strategic Strait of Hormuz and briefly detaining American sailors who strayed into its territorial waters.

The U.S. presidential election could also have an effect on the sales. Republican presidential candidate Donald Trump has threatened to tear up the nuclear deal if elected this November.

Most Iranian planes were purchased before the Islamic Revolution that ousted Shah Mohammad Reza Pahlavi and brought Islamists to power. Out of Iran's 250 commercial planes, 162 were flying in June, while the rest were grounded due to lack of spare parts.

Iran Air, whose website lists 43 airplanes in its fleet, says it has direct flights to over 30 international destinations, including London.

[screwball]

Done deal it looks like! 

[screwball]

TEHRAN — The United States on Wednesday removed a final hurdle for Western aircraft manufacturers to sell planes to Iran, a country desperately in need of hundreds of new aircraft.

The Treasury Department granted the aviation giants Airbusand Boeing licenses to deliver planes to Tehran. The decision is a boon not only for the two companies but also for Iranian politicians who want to expand Iran’s engagement with the world now that sanctions linked to Iran’s nuclear program have been lifted.

A spokesman for Boeing said the license covered the sale of 80 planes to Iran’s national carrier, Iran Air. Airbus confirmed that it received a license for an initial sale of 17 planes, part of a larger deal that involves a total of 118 planes.

The green light for aircraft sales allows Iran, a country of 80 million, to start rebuilding its aging fleet of Boeing and Airbus planes and other secondhand aircraft purchased clandestinely from other countries. Over the past four decades, hundreds of Iranians have died in crashes caused by malfunctioning or poorly maintained aircraft.

“From today, we will have safe planes,” President Hassan Rouhani of Iran promised in January when the accord between Iran and six world powers, including the United States, became fully operational.

Under that deal, Iran has given up parts of its nuclear programin exchange for sanctions relief. Since then the country has managed to increase its oil sales, but it has not been able to sign major deals with Western companies because of continuing banking restrictions related to non-nuclear sanctions.

While the United States has relaxed many of its sanctions against Iran, Washington still demands that even non-American manufacturers wishing to sell to Iran obtain an export license if their products include materials made in the United States. Airbus, based in Europe, buys more than 40 percent of all its aircraft parts in the United States.

The granting of the licenses is likely to draw protests from some members of Congress, who have noted that Iranian commercial aircraft have been used to transport troops and weapons into Syria. Representative Peter Roskam, Republican of Illinois, said in a statement that the Obama administration “has once again made a political decision to appease Iran at the expense of our national security.” He said Congress was committed to making the process of delivering the planes as difficult and expensive as possible.

Western political analysts who specialize in Iran said the Treasury’s decision reflected an effort by the Obama administration to help Mr. Rouhani, who staked much of his political reputation on promised economic dividends from the termination of nuclear sanctions.

“The U.S. is interested in constructive engagement with Iran, despite continuing turmoil in the bilateral relationship,” said Cliff Kupchan, the chairman of the Eurasia Group, a Washington-based political consultancy. He called the license approvals “a big win for President Rouhani, who needs to show Iranians that the nuclear deal is bringing concrete improvements to their lives.”

Iran had called for a meeting on the sidelines of the United Nations General Assembly with representatives of the world powers that signed the nuclear agreement — Russia, China, Germany, France, Britain and the United States — to complain about the lack of progress in carrying out the terms of the deal.

“This is very good news for President Rouhani,” said Nader Karimi Joni, an analyst who supports the government. “He needed this news back home. Bringing Airbus will fend off critics and make him popular.”

Some in Iran, however, objected to what they said was political maneuvering in the timing of the Treasury Department’s decision to grant the licenses.

“This is a bribe by the Americans to increase the chances of President Rouhani to be re-elected,” said Hamidreza Taraghi, a conservative analyst and political figure. “The American president, in his last months in the White House, wants to give as much support as possible to Rouhani’s government and his pro-Western faction.”

Mr. Rouhani is scheduled to address the General Assembly on Thursday.

According to the Treasury Department, the licenses contain strict conditions to ensure that the planes will be used exclusively for commercial passenger use, and cannot be resold or transferred to another entity.

A Boeing spokesman said the company was hoping to sell 46 single-aisle 737s; 30 wide-body 777s and four 747s.

Justin Dubon, an Airbus spokesman in Toulouse, France, confirmed that the plane maker had obtained an initial license from the Treasury to sell 17 planes to Iran — part of a landmark, multibillion-dollar order announced in January for 118 Airbus aircraft, ranging from smaller single-aisle jets to several 555-seat A380 “superjumbo” wide-body aircraft.

It remains unclear how Iran is planning to pay for the aircraft. After years of sanctions and low oil prices, the state’s coffers are empty. International credit continues to be virtually unavailable, with large banks shying away from dealing with Iran because of complicated regulations and continuing unilateral American sanctions against the country, designated a “state sponsor of terrorism” by the United States.

The news that the final barrier to the aircraft sales had fallen was applauded by an Iranian pilot revered for the kind of heroic action for which Capt. Chesley B. Sullenberger III became famous.

“This is a moment for happiness,” said the pilot, Houshang Shahbazi. “This is good for people. This is wonderful. Basically it means safer air travel for Iranian passengers.”

In 2011, Captain Shahbazi saved 120 passengers on a flight from Moscow to Tehran when the landing gear of the 40-year-old Boeing 727 he was piloting jammed. Captain Shahbazi deftly manipulated the brakes to balance and slow the plane, then tipping its nose down for a miraculous controlled crash landing.

The landing, captured on video, became a symbol of the consequences of nearly four decades of American sanctions against Iran’s airline industry. As a result of the sanctions, Iran was left with a ragtag fleet of old planes, bought during the era of the pro-Western government in Iran, and secondhand workhorses purchased from countries like Ukraine.

The 17 new Airbus planes are only a first step, Captain Shahbazi emphasized. “In total, we need around 500 planes, nationwide new airport infrastructure and updates,” he said. “But I’m overjoyed with this news.”

[screwball]

Now they need to move to single forex rate swiftly...come on baby! Dubai here I come!

[screwball]

 

Airbus says the US government has granted it a license allowing it to sell the first 17 planes involved in a landmark deal with Iran.

Airbus Spokesman Justin Dubon told AP on Wednesday that Airbus received the license from the US Treasury’s Office of Foreign Assets Control.

Dubon said the first 17 planes will be A320s and A330s. He declined to offer a breakdown of how many of each are involved in the initial sale.

Earlier this year, Iran Air signed agreements to buy 118 planes from the European consortium Airbus, estimated to be worth some €22.8 billion ($25 billion).

The deal was made possible by last year’s historic nuclear agreement that lifted sanctions on Iran in return for it limiting the scope of its nuclear program.

On Monday, Iran’s deputy minister of roads and urban development, Asghar Fakhriyeh Kashan, announced that Iran has reduced the number of airplanes it plans to buy from Airbus by six amid delays in US regulatory approvals.

“There are six fewer aircraft. These are the ones that were due to be delivered in 2016,” he said on the sidelines of the CAPA Iran Aviation Finance Summit in Tehran, adding that the country may knock one plane off a similar deal for more than 100 with Boeing.

Speaking at the CAPA conference, western envoys sought to allay Iranian concerns over the delays in approving the airplane deals. They expressed optimism the deals would go ahead and reiterated their commitment to last year’s nuclear deal.

The US go-ahead for Airbus to sell planes to Iran is expected to be shortly followed by the same move for the French planemakers American rival Boeing.

Boeing’s chief executive, Dennis A. Muilenburg, speaking at the Farnborough International Airshow in Britain in July, said if his company could not sell planes to Iran Air then “nobody should”.

Speaking on the first day of the two-day summit on Sunday, Fakhriyeh said Iran has been told that the United States will issue export licenses within weeks to facilitate the purchase of Boeing and Airbus jets and European ATR turboprop planes.

Approval had been expected by the end of August, but that has been pushed back to the end of September, Reuters quoted Fakhrieh as saying.

“Today we are expecting that (approval) by the end of September for Boeing, Airbus and ATR,” he said, adding that failure to issue the required US approval would breach an agreement between Tehran and world powers to ease sanctions in return for curbs on Iran’s nuclear activities.

The House of Representatives in July passed two amendments that would stop the aircraft sales to Iran, including non-US ones, due to the high proportion of US parts.

Iran estimates it will need at least 400 aircraft to renew and expand its fleet, including some 250 in the next 10 years.

Besides the aircraft sales, Iran is dangling the prospect of significant business for western companies, including nationwide airport expansion as it emerges from decades of sanctions.

“There are more than 60 airports in Iran but 80% of flights are in just 10 and these are working beyond capacity; that is why we need to develop,” Akhoundi said.

 

someone who can't report for ****! Clearly American reports contradict this article..

[screwball]

http://financialtribune.com/articles/economy-domestic-economy/50262/iran-australia-air-services-talks-underway

 

australia jumping onboard....

[screwball]

http://financialtribune.com/articles/economy-business-and-markets/50235/what-renault-has-mind-iran

[screwball]

Foreign ministers of Iran and the five permanent members of the UN Security Council plus Germany are meeting in New York Thursday to discuss implementation of a nuclear deal they reached last year.

Iran's Deputy Foreign Minister Abbas Araqchi said the meeting, scheduled for 1700 GMT at the UN Headquarters, will be the first since the implementation of the deal in January.

On Wednesday, Araqchi and his counterparts from the so-called P5+1 group held discussions as a prelude to the ministerial meeting.

They discussed the modernization of Iran’s Arak heavy water reactor plus Russia’s cooperation with Iran on turning the underground Fordow facility into a nuclear research center, he said.

Araqchi said the two sides also addressed cooperation in the banking sector, as well as EU and US delays in resolving hurdles which foreign banks and financial institutions face for business with Iran.

The US government's license for sales of passenger planes to Iran by Boeing and Airbus was also brought up in the talks, with US officials saying the permit had been issued for some of the planes while the rest will be cleared for sales within the next few weeks.

Iran and the P5+1 signed the nuclear deal, dubbed the Joint Comprehensive Plan of Action (JCPOA), on July 2015. The deal went into effect on January 16, and resolved a long-running dispute over the Iranian nuclear program.

Under the JCPOA, the Islamic Republic has agreed to roll back certain aspects of its nuclear program — including the volume of its uranium stockpiles enriched to the 20-percent level — and has provided international atomic monitors enhanced access to its nuclear facilities.

In return, Iran’s partners agreed to terminate all nuclear-related sanctions against Iran.

Some international banks, however, still shy away from financing trade deals and processing transactions with Iran fearing US penalties. The US has moved to ensure them that no such penalties would be imposed but has failed to be adequately convincing.

[screwball]

First visit in 38 years! Why now?

TEHRAN, Sep. 22 (MNA) – President Rouhani of Iran and Prime Minister Abe of Japan met late on Wednesday in New York on the sidelines of the UN General Assembly.

“We are ready to draft the ten-year roadmap of economic relations with Japan,” said President Hassan Rouhani of Islamic Republic of Iran in his late Wednesday meeting with Japan's Prime Minister, Shinzo Abe, in New York on the sidelines of the 71st session of the United Nations General Assembly.

Referring to the agreements made during Iranian Economy Minister Tayyebnia’s visit to Tokyo, Rouhani asserted that to realize the agreements and speed up the implementation of them a joint endeavor is needed and he called Japanese banks to be more active in providing the credits for flourishing economic ties.

“Now the ground is ready for Tokyo’s return to investing on Iran’s energy sector as in the past,” affirmed the Iranian president welcoming all areas of joint investment like health and medical treatment, science and environment activities.

Mr. Rouhani then articulated that both Iran and Japan were victimized by weapons of mass destruction and both support a world free of nuclear weapons saying that it has always been held by Islamic Republic of Iran that the nuclear weapons do not guarantee peace and security and the Middle East free of nuclear weapons was first proposed by Iran.

“Iran is the defensive wall of the region against terrorism and the ISIL,” stated the Iranian president touching upon the issue of terrorism and its dangers for the region and the whole world, “along with countering the terrorists, stable ceasefire and humanitarian aids are the other priorities of Iran in terms of Syria and Yemen.”

“Japan is grateful of Iran’s approach in constructive interaction with the word, and makes its efforts for expansion of ties in all areas,” said the Japanese prime minister after voicing content with his renewed meeting with the president of Iran.

He highlighted the necessity for broadening Tehran-Tokyo cooperation and wished for the highest level of bilateral economic relations. Mr. Abe asserted that cooperation on environmental issues and the safty issues of peaceful nuclear energy will be developed in this line.

“I welcome your initiative in proposing the ten-year roadmap of bilateral economic relations, and I order to put into agenda,” said the prime minister of Japan, “Tokyo supports banking relations and the cooperation between Japanese companies and Iranian private sector.”

Highlighting Iran’s contributive and constructive role in provision of stability and security in the region, Mr. Abe voiced hope that Iran’s contribution to this cause continue.

 

japan and its currency soon will also be on the world stage! 

[gregp]

This is HUGE! The US better get on board, or the world will sideline them. 

[blueskyline]

This is Amazing . The speeds at which Iran and Iraq are progressing these last several weeks ....

 

[pokerplayer]

8 minutes ago, blueskyline said:

This is Amazing . The speeds at which Iran and Iraq are progressing these last several weeks ....

 

 

Well Iran anyways ! LOL  I love starting my day with an adrenaline rush !! The enthusiasm on this thread is contagious and I Like it.

pp

[climber7]

1 hour ago, pokerplayer said:

Well Iran anyways !

 

Exactly

 

[Freedomwish]

11 hours ago, screwball said:

Now they need to move to single forex rate swiftly...come on baby! Dubai here I come!

You mean Dubai, HERE WE COME!!!  YEEEEEEEEAAAAAAH MAN!! 

[jaman]

12 minutes ago, Freedomwish said:

You mean Dubai, HERE WE COME!!!  YEEEEEEEEAAAAAAH MAN!! 

 

 IT'S PEANUTBUTTER JELLY TIME(family guy)

 

[pokerplayer]

Been going over things I could tour you folks around on when we get there for cash out for those that are Interested. The Gold Souk obviously, but the Burg, painted horses and the Museum are my top 3 choices. Museum you say ? Blah !!! But to be honest it is really cool on the history of Dubai. And the night life ? Second to none my friends.

Here's to packing our bags to get ready to go. pp

Edited September 22, 2016 by pokerplayer

[WheresmyRV?]

1 hour ago, pokerplayer said:

Been going over things I could tour you folks around on when we get there for cash out for those that are Interested. The Gold Souk obviously, but the Burg, painted horses and the Museum are my top 3 choices. Museum you say ? Blah !!! But to be honest it is really cool on the history of Dubai. And the night life ? Second to none my friends.

Here's to packing our bags to get ready to go. pp

I'm ready!!

[pokerplayer]

15 minutes ago, WheresmyRV? said:

I'm ready!!

So am I RV ! If asked a year ago who would RV first and someone said Iran , I would have done a belly roll !! Today ? Not so much. Cash is king in my books and if Iran is willing to pad my bank account, well so be it.

If the US can pad Iran's account then the pittance we are looking at is a minor in the big scope of things 

pp

Edited September 22, 2016 by pokerplayer

[Freedomwish]

2 hours ago, pokerplayer said:

Been going over things I could tour you folks around on when we get there for cash out for those that are Interested. The Gold Souk obviously, but the Burg, painted horses and the Museum are my top 3 choices. Museum you say ? Blah !!! But to be honest it is really cool on the history of Dubai. And the night life ? Second to none my friends.

Here's to packing our bags to get ready to go. pp

PP, I'm ready to party and get my groove on!!!

Just of course on a serious note should all this go down rather soon, perhaps those of us who are thinking about traveling to Dubai (ME haha)we need to consider safety and security concerns......then later consider how we all are going party our socks off!!

Yup!!

[pokerplayer]

1 minute ago, Freedomwish said:

PP, I'm ready to party and get my groove on!!!

Just of course on a serious note should all this go down rather soon, perhaps those of us who are thinking about traveling to Dubai (ME haha)we need to consider safety and security concerns......then later consider how we all are going party our socks off!!

Yup!!

Good point FW. There is a Security firm from Montreal Canada that is working there. Can't think of the Company name at the moment, but will track it down and chat with them before we require it, them.

pp

[Freedomwish]

5 minutes ago, pokerplayer said:

Good point FW. There is a Security firm from Montreal Canada that is working there. Can't think of the Company name at the moment, but will track it down and chat with them before we require it, them.

pp

PP, if you find any details from that security firm that might sound golden for us to use definitely share with us - or perhaps discretely?  Up to you whatever you believe that may work out for everyone's safety......sorry, I'm just suddenly too excited right now I just can't shake off the feeling of what might go down in a matter of a couple of weeks!!  

More so, there's a high anticipation of Adam's scoop to come in the next chat log rather shortly!!

Keeping the faith!! 

[pokerplayer]

No worries my friend you raised a good point on Security. I will send all details of who, what we require. If some are aware of a different Company, I as well as most are open to suggestions.

pp

[climber7]

59 minutes ago, pokerplayer said:

No worries my friend you raised a good point on Security. I will send all details of who, what we require. If some are aware of a different Company, I as well as most are open to suggestions.

pp

Thanks again, PP