Iran's Aseman airline signed a contract with Boeing (BA.N) on Tuesday to buy 60 737 Max aircraft, according to the Islamic Republic News Agency (IRNA).

Representatives of the two companies signed the contract in Tehran after a year of negotiations, IRNA reported.

http://www.reuters.com/article/us-iran-airlines-boeing-idUSKBN1760QH

http://en.trend.az/iran/business/2738213.html

Hopefully more news on this will come in the coming hours/ week from Boeing as well...

This is wonderful news. Would be good to see this come to fruition.

I'd love to see the renderings for this!

Hopefully we continue to see Iran open up- I'm determined to go one day. I've heard nothing but rave reviews.

As an avgeek it will be amazing to watch Iranian aviation grow and modernise! Shame to loose the retro fleets be exciting to see a big market grow!

Boeing's press release.

http://boeing.mediaroom.com/2017-03-17- ... 0-737-MAXs


30 firm (when firmed up of course) and 30 purchase rights. Deliveries would be scheduled to start in 2022

I would have thought this order was going to Airbus. The airline already operates some A320s and there was a thread about them negotiating for 7 A320NEO.

viewtopic.php?t=1355163

It looks like the 737MAX and A320NEO may be operated side by side with a bigger 737 fleet.

Hoping for a new livery. And for Iran Aseman to go head on with FZ. Iranian airlines can easily become major players in the Gulf area.

None of the news releases use the word "contract" as used in the title for this thread.

One "news source" reports deliveries starting in 2019, while Boeing says 2022.

Five years is a long time, and there are hurdles to go through (or over).

This is not yet a done deal.

BobPatterson wrote:

None of the news releases use the word "contract" as used in the title for this thread.

One "news source" reports deliveries starting in 2019, while Boeing says 2022.

Five years is a long time, and there are hurdles to go through (or over).

This is not yet a done deal.

The wording in the press release is indeed cautious: "Deliveries would be scheduled to start in 2022." & "Boeing continues to follow the lead of the U.S. government with regards to working with Iran’s airlines, and any and all contracts with Iran’s airlines are contingent upon U.S. government approval."

Dutchy wrote:

BobPatterson wrote:

None of the news releases use the word "contract" as used in the title for this thread.

One "news source" reports deliveries starting in 2019, while Boeing says 2022.

Five years is a long time, and there are hurdles to go through (or over).

This is not yet a done deal.

The wording in the press release is indeed cautious: "Deliveries would be scheduled to start in 2022." & "Boeing continues to follow the lead of the U.S. government with regards to working with Iran’s airlines, and any and all contracts with Iran’s airlines are contingent upon U.S. government approval."

I think all of this is indicative of the IR order still having life in it.

Boeing778X wrote:

Dutchy wrote:

BobPatterson wrote:

None of the news releases use the word "contract" as used in the title for this thread.

One "news source" reports deliveries starting in 2019, while Boeing says 2022.

Five years is a long time, and there are hurdles to go through (or over).

This is not yet a done deal.

The wording in the press release is indeed cautious: "Deliveries would be scheduled to start in 2022." & "Boeing continues to follow the lead of the U.S. government with regards to working with Iran’s airlines, and any and all contracts with Iran’s airlines are contingent upon U.S. government approval."

I think all of this is indicative of the IR order still having life in it.

That's true. Don't think they would have disclosed this deal, if Boeing is prohibited to deliver them (and to IR). But then again, it might be an indication that it might be blocked and Boeing wants to put on the pressure on the American presidency in order to come threw at its promise for more jobs. Who knows

As I have said before,trade leads to business relationships which opens doors for more communications between people and countries. Congrats to both Iran Aseman Airlines and Boeing. Looking forward to seeing Iranian Airlines getting many new Airbus ,Boeings and CSeries in the future.

Back on topic, it's a nice deal if it closes. A big if, but let's be glass half-full.

I'm surprised Iran hasn't been more Boeing centric with it's orders. It would go a long way with a white house administration hanging it's hat on the job market.

2022? that is an eternity in the airline world. By then these guys could be out of business. Unless, they are using it as an option for the "MOM' plane which is due out shortly around then.

Please try to stay on topic and keep political comments out of this forum. Political comments may only be made in the Non Aviation Forum per forum rules.

✈️ atcsundevil

Varsity1 wrote:

I'm surprised Iran hasn't been more Boeing centric with it's orders. It would go a long way with a white house administration hanging it's hat on the job market.

Iran would be mad to put too many eggs in one basket, especially with the uncertainty of how Washington will eventually react to these early "orders".

I think Iran is playing it just right, i.e. spread the love around with the promise of more to come.

Didn't see this coming but congratulations to both Iran Aseman and Boeing nonetheless. I could definitely see this really help Iran Aseman grow.

Varsity1 wrote:

I'm surprised Iran hasn't been more Boeing centric with it's orders. It would go a long way with a white house administration hanging it's hat on the job market.

The reason is the way Boeing treated them during the sanctions. No maintenance documentation, extreme greed when pricing parts allowed to be sold by the sanctions.

kelvin933 wrote:

Varsity1 wrote:

I'm surprised Iran hasn't been more Boeing centric with it's orders. It would go a long way with a white house administration hanging it's hat on the job market.

The reason is the way Boeing treated them during the sanctions. No maintenance documentation, extreme greed when pricing parts allowed to be sold by the sanctions.

Ya, I'm sure you alone know the exact reasons.

I don't see any mention of how these aircraft will be financed. That would be interesting.

georgiabill wrote:

As I have said before,trade leads to business relationships which opens doors for more communications between people and countries. Congrats to both Iran Aseman Airlines and Boeing. Looking forward to seeing Iranian Airlines getting many new Airbus ,Boeings and CSeries in the future.

Ironically, that's the same reasoning that the US has used in regards to China for decades, but claimed trade would strengthen Castro's 'evil' regime. China is proof that trade and mutual profit are a much better incentive to get along than threats of annihilation.

Basically...follow the money. In China, trade leads to huge profit on both sides. In regards to Iran, the US is making many more billions selling weapons to Iran's enemies than it would ever make by trading with Iran, so American trade with Iran will remain tenuous at best.

The EU, on the other hand, due to its proximity to Iran and historical ties, can reap huge rewards being at peace with Iran, instead of war, so are much more likely to trade than fight.

This deal is strictly between Boeing and Iran...and the US government is only peripherally involved. Boeing reckons that if it can crank up enough orders with Iran, it will eventually have enough billions of dollars and a bunch of jobs on the line, that it will be difficult for Trump and the gang to kill the deal.

The US does love to play both sides, so it may happen but Trump's Israeli/Arab overlords may have the final say.

persiangulf93 wrote:

Iran's Aseman airline signed a contract with Boeing (BA.N) on Tuesday to buy 60 737 Max aircraft, according to the Islamic Republic News Agency (IRNA).

Representatives of the two companies signed the contract in Tehran after a year of negotiations, IRNA reported.

http://www.reuters.com/article/us-iran-airlines-boeing-idUSKBN1760QH

http://en.trend.az/iran/business/2738213.html

Hopefully more news on this will come in the coming hours/ week from Boeing as well...

Another hit for the cs series?

embraer175e2 wrote:

persiangulf93 wrote:

Iran's Aseman airline signed a contract with Boeing (BA.N) on Tuesday to buy 60 737 Max aircraft, according to the Islamic Republic News Agency (IRNA).

Representatives of the two companies signed the contract in Tehran after a year of negotiations, IRNA reported.

http://www.reuters.com/article/us-iran-airlines-boeing-idUSKBN1760QH

http://en.trend.az/iran/business/2738213.html

Hopefully more news on this will come in the coming hours/ week from Boeing as well...

Another hit for the cs series?

Not necessarily. These contracts aren't even finalized orders yet, and Iran knows that any one of them could be cancelled on a whim. They will make as many deals as they can, giving them the best chance of enough going through, to actually make a difference.

A lot can happen in the next 5 years before deliveries are scheduled to begin.

Reports are that the deal has now been finalised.

IranianMan123 wrote:

Reports are that the deal has now been finalised.

Deal is for 30 737MAX and they are ready to order another 30 once this order has been delivered

https://www.reuters.com/article/us-iran ... SKBN1910HT

It makes me wonder where the Iranian airlines will get all there extra crews from. For Iran Aseman alone this is a fleet expansion of almost 50% without the additional 30 options considered! Also the infrastructure at the airports would need some adjustments I'd think.

Martijn

kelvin933 wrote:

Varsity1 wrote:

I'm surprised Iran hasn't been more Boeing centric with it's orders. It would go a long way with a white house administration hanging it's hat on the job market.

The reason is the way Boeing treated them during the sanctions. No maintenance documentation, extreme greed when pricing parts allowed to be sold by the sanctions.

It was an serious sanction, that's why boeing acted like that, they have an image with other customers and politics sometimes dictates some behaviour or public image to secure some other orders and contracts.

CrimsonNL wrote:

It makes me wonder where the Iranian airlines will get all there extra crews from. For Iran Aseman alone this is a fleet expansion of almost 50% without the additional 30 options considered! Also the infrastructure at the airports would need some adjustments I'd think.

Martijn

It won't be easy, but we are talking about many years down the road, right now they have crew for the first 25-30 with the actual crew, then people from the air force, and new guys becoming pilots plus maybe some guys willing to go back home from other places, but as you said, it won't be easy, and not only because of Aseman but also because all the other airlines in the country like IR, with big expansion plans. Maybe they will have to implement some cadet program to help new pilots with the cost of the training.

RobertPhoenix wrote:

I don't see any mention of how these aircraft will be financed. That would be interesting.

I don't think that will be a problem, if Boeing can supply them to a Iranian airline more than one company will be ready to finance the operation.

Another order that goes away from Bombardier C-series, and from the Chinese plane makers too.

Here's source using the word Contract...

https://www.nytimes.com/reuters/2017/06 ... oeing.html

""I am very pleased that after a year of negotiation with Boeing, the contract to buy 30 Boeing 737s was signed today," Aseman CEO Hossein Alaei was quoted as saying by IRNA after the signing ceremony."

Nice political statement - 'if you let us have the first 30 we will order more'!

===============
Deal is for 30 737MAX and they are ready to order another 30 once this order has been delivered
===============

Do Aseman still fly a couple of pax carrying 727s? They are/were the last in the world.

I can't help but to wonder whether or not Iran can actually absorb all of this new capacity that it will get within the next 5 years or so. These large orders make me nervous...

Dominion301 wrote:

Do Aseman still fly a couple of pax carrying 727s? They are/were the last in the world.

Yes they do, I'm flying them again in a few days

opticalilyushin wrote:

Dominion301 wrote:

Do Aseman still fly a couple of pax carrying 727s? They are/were the last in the world.

Yes they do, I'm flying them again in a few days

Awesome. Clearly though their days are numbered.

Bump.

Small update on the order: Iran Aseman CEO revealed that Boeing will finance 30 aircraft.

KarelXWB wrote:

Iran Aseman CEO revealed that Boeing will finance 30 aircraft.

I wonder if the folks who called Airbus "desperate" because it looks as though they'll be financing part of IR's order, will also now call Boeing "desperate".

scbriml wrote:

KarelXWB wrote:

Iran Aseman CEO revealed that Boeing will finance 30 aircraft.

I wonder if the folks who called Airbus "desperate" because it looks as though they'll be financing part of IR's order, will also now call Boeing "desperate".

Of course not! Everyone knows that Airbus is the only one who makes desperate moves to secure orders from customers with questionable financials/growthplans. /s

I will ask the question again, given the Islamic customer, does anyone know if the particular Boeing finance package is sharia based?

shankly wrote:

I will ask the question again, given the Islamic customer, does anyone know if the particular Boeing finance package is sharia based?

I imagine given the political challenges surrounding commercial aircraft sales to Iran, this tranche has been handled on the basis of 'let's get some runs on the board'. Perhaps more likely in the future.

KarelXWB wrote:

Bump.

Small update on the order: Iran Aseman CEO revealed that Boeing will finance 30 aircraft.

But will the airline actually see the planes? That's the million dollar question.

And if they do, what happens if Boeing is then prevented from providing support for these planes?

Hopefully the deliveries do go ahead.

shankly wrote:

I will ask the question again, given the Islamic customer, does anyone know if the particular Boeing finance package is sharia based?

Why should the financing be sharia compliant? It's not the customer who's financing but Boeing. Moreover, there are a lot of Islamic companies who don't do sharia compliant financing or have non-sharia compliant financing in place. Moreover, sharia compliant financing is usually done on the request of the investor, not the company requesting financing.

LJ wrote:

shankly wrote:

I will ask the question again, given the Islamic customer, does anyone know if the particular Boeing finance package is sharia based?

Why should the financing be sharia compliant? It's not the customer who's financing but Boeing. Moreover, there are a lot of Islamic companies who don't do sharia compliant financing or have non-sharia compliant financing in place. Moreover, sharia compliant financing is usually done on the request of the investor, not the company requesting financing.

Yes, Boeing will in effect be lending the money to itself

LJ wrote:

shankly wrote:

I will ask the question again, given the Islamic customer, does anyone know if the particular Boeing finance package is sharia based?

Why should the financing be sharia compliant? It's not the customer who's financing but Boeing. Moreover, there are a lot of Islamic companies who don't do sharia compliant financing or have non-sharia compliant financing in place. Moreover, sharia compliant financing is usually done on the request of the investor, not the company requesting financing.

These countries are strictly adherent to sharia, including such financing. When Kuwait Airways and Saudia needed new Airbus planes, Airbus and the Islamic Development Bank (IDB) set up a fund to be managed by a specialty corporation, IAFC, which would own the planes and then lease them to SV and KU (5 A320s and 5 A333 Regionals for Saudia and 5 A332s at 238t for Kuwait Airways; the planes for Kuwait Airways were also financed by Warba Bank, a Kuwaiti bank). I suspect that Boeing is likely setting up a specialty corporation with the IDB and other financial institutions in the region, but not within Iran itself (the IDB is based in Jeddah), that will own the planes, and Iran Aseman will either lease directly from that specialty corporation, or there will be a sale-leaseback with that corporation for the order. That said, not all Muslim countries are strictly sharia, such as Turkey, which uses traditional means for financing, including local companies for sale-leasebacks.

shankly wrote:

I will ask the question again, given the Islamic customer, does anyone know if the particular Boeing finance package is sharia based?

If it is a lease package then it would not need to be. Only if it's a lease purchase agreement might there be an issue as that comes under usury and the airline's bosses may not wish to do a deal based on that.

It could be a deal where the aircraft has a final minimum value and the airline can then purchase it, or continue to rent the aircraft. Renting an asset isn't usury, it comes under the heading of trade according to Sharia.

However this turns out, Boeing needs to make sure those 727s continue to fly. That should have been written into the contract. They are passenger antiques and need to keep flying. And, while we are on the topic, lets get those 747-100's that Sahara flew, back up in the air as well. Boeing can make whatever parts are needed.

727200 wrote:

However this turns out, Boeing needs to make sure those 727s continue to fly. That should have been written into the contract. They are passenger antiques and need to keep flying. And, while we are on the topic, lets get those 747-100's that Sahara flew, back up in the air as well. Boeing can make whatever parts are needed.

I have been eyeing a trip to tehran and really want to fly a 727.

The majority of 727s were on their way out when I was a kid, so have never flown on one.

727200 wrote:

However this turns out, Boeing needs to make sure those 727s continue to fly. That should have been written into the contract. They are passenger antiques and need to keep flying. And, while we are on the topic, lets get those 747-100's that Sahara flew, back up in the air as well. Boeing can make whatever parts are needed.

for crying out loud.. at this point the cost of manufacturing many unique pieces of the 727 is beyond the customer airlines ability to pay, some are beyond the ability to be manufactured, many were from suppliers no longer in business, so stop the wishful nonsense. And Boeing is not interested absorbing the costs. So, let the remaining become museum birds if any museum wants to pony up the costs of refurbishment for static display and subsequent maintenance.

zkojq wrote:

scbriml wrote:

KarelXWB wrote:

Iran Aseman CEO revealed that Boeing will finance 30 aircraft.

I wonder if the folks who called Airbus "desperate" because it looks as though they'll be financing part of IR's order, will also now call Boeing "desperate".

Of course not! Everyone knows that Airbus is the only one who makes desperate moves to secure orders from customers with questionable financials/growthplans. /s

Whatever. Boeing has an order from Iran Air. Let’s see if any aircraft are actually delivered.

Antarius wrote:

727200 wrote:

However this turns out, Boeing needs to make sure those 727s continue to fly. That should have been written into the contract. They are passenger antiques and need to keep flying. And, while we are on the topic, lets get those 747-100's that Sahara flew, back up in the air as well. Boeing can make whatever parts are needed.

I have been eyeing a trip to tehran and really want to fly a 727.

The majority of 727s were on their way out when I was a kid, so have never flown on one.

You haven't lived until you exit a 727 by the rear air stairs as I did at DCA years ago. When the Usairways plane got to the gate and people started to deplane through the front door, a flight attendant announced over the P/A that those in the rear could use the rear exit. I waited for the crowd to thin out and used the rear air stairs. The 727's were about to leave US's fleet and it was the last chance I would have to fly the 727 and as an added bonus, use the rear air stairs. Good memories.

kanban wrote:

So, let the remaining become museum birds if any museum wants to pony up the costs of refurbishment for static display and subsequent maintenance.

Small point of order- having flown on all 3 727s they have, i can tell you they are all in IMMACULATE condition inside and out, though i'm sure they'd need to be 'made safe' for static display, like any aircraft. Iran Aseman love the 727 and they love Boeing..their crews always talk so warmly about it, even when compared to their newer fleet of A320s.

shankly wrote:

I will ask the question again, given the Islamic customer, does anyone know if the particular Boeing finance package is sharia based?

Can I ask, what is sharia based?