Boeing loses $20 billion dollar Iran deal

Discussion in 'The War Room' started by MicroBrew, May 15, 2018.

  1. BrotherClaudio

    BrotherClaudio Banned Banned

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    Economy great again
    Black employment at an all time high
    He helped usher in the end of a 60 plus year war
    All you libtards hate his twitter feed, it's simple, unfollow
     
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  2. MicroBrew

    MicroBrew Steel Belt

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    This must be sarcasm, especially because of the comment on North Korea.
     
  3. 2arctanx

    2arctanx Banned Banned

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    israel owns us politics. its over. the us is not an independent country anymore.
     
  4. Badger67

    Badger67 Taxidea taxus

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    The old stock saying of never to invest in airlines/affiliates rings true more often than not.
     
  5. bobgeese

    bobgeese Silver Belt

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    You are aware there were no purchase orders for those aircrafts, among a host of other issues like where they were going to get the money from?

    This was more like an “intention to buy”, that amounted to a bit more than wishful thinking.
     
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  6. Arkain2K

    Arkain2K Si vis pacem, para bellum

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    Last I heard, they haven't even been able to muster up enough financing to even pay for the downpayment deposits to Airbus and Boeing, despite all the PR noise.

    That's the real reason why their "$20 Billion order" isn't considered official by Boeing and doesn't appear anywhere in their financial data, despite what Sherdoggers' personal opinions are.


    IranAir CEO says no problems financing plane deals, but couldn't pay deposits
    By Parisa Hafezi, John Irish | February 8, 2018

    [​IMG]

    IranAir has agreed to buy 80 aircraft from Boeing and 100 from Airbus but only a handful have been delivered amid what bankers describe as a shortage of financing for Iran, due to the reluctance of Western banks to risk U.S penalties.

    Industry sources say another key sticking point is that IranAir has been slow to pay deposits, which are needed for Boeing and Airbus to start building new jets.

    Sharafbafi confirmed deposits had not been paid, without elaborating.

    Industry sources have expressed doubts over whether Boeing planes will be delivered as early as 2018, due to the lead time needed to order parts for the planes involved, long-range 777s.

    Former Airbus sales chief John Leahy said in January that its schedule for deliveries to Iran could slip and cited the importance of making downpayments.

    Boeing has yet to publish the Iran order officially, a step which the company says it can only take if it has a downpayment.

    So far IranAir has received three brand-new Airbus jets originally built for other airlines that could not take delivery, and eight new ATR turboprops.

    https://www.reuters.com/article/us-...-problems-financing-plane-deals-idUSKBN1FS1MO
     
    Last edited: May 15, 2018
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  7. Arkain2K

    Arkain2K Si vis pacem, para bellum

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    Boeing itself doesn't consider Iran's "order" a real purchase order. That is not an opinion, it's a financial fact.

    Get back to me when you can find an article from a credible financial firm that confirms these Iranian airlines even have remotely close to the amount of financing that you all seems to think they have to pay for 180 passenger jets, and prove it by actually putting down the required deposits that Boeing has been waiting for months now.

    Until then, I'm incline to agree with Boeing: Iran's "$20 Billion order" with no downpayments to speak of isn't considered a real purchase order.
     
  8. MicroBrew

    MicroBrew Steel Belt

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    Re. bolded
    Only because they suspected Trump would force them to pull out. So absent Trump's scuttling of the deal, Boeing would have filled the order.

    So you think the Financial Times, WaPo , NPR and NYTimes all saying Trump actions scuttled the deal means nothing at all?

    Iran isn't poor, they have a large country and population (by MidEast standards) and rich in natural resources. If the West made peace with them, they can be a very profitable nation for the West.
     
  9. MicroBrew

    MicroBrew Steel Belt

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    There was the very real intention to purchase, the only reason the deal wasn't finalized is because Boeing believed (rightly so) that Trump would put a stop to the deal. $20 billion not a lot of money for Iran to spend on major purchases like commercial aircraft. They do have lots of fossil fuels and a large nation. They are not small fry like Qatar or Bahrain or Kuwait.
     
  10. Arkain2K

    Arkain2K Si vis pacem, para bellum

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    Who's offering opinions and who's offering real financial facts? o_O

    I already gave you the proof - confirmed by both Boeing and IranAir themselves - why this "$20 Billion order" is not considered a REAL purchase order, as far as the business world is concerned.

    I asked you to come back to us once you're able to find a single passage from all those articles that you have read that confirms IranAir has in fact finally managed to round up enough financing, and actually paid the required deposits to Airbus and Boeing, finally making it a REAL purchase order in a real business sense, instead of just a worthless letter of intent to buy.

    You - for some strange reasons - chose to respond with even more personal opinions about Iran (the country), without a shred of financial evidence to back up your claim that these are REAL purchase orders by IranAir (the airlines), financial evidence that is actually quite easy to come by in a public deal like this, from any of the involved parties (manufacturer, customer, financing banks, insurance underwriters, or any financial analysts familiar with the finalized contract), if such a REAL $20 Billion purchase order exists in real life.

    Go find it and prove us (and Boeing's accountants) wrong. Until then, please refrain from quoting the provided facts, because you can't refute them with personal opinions alone.
     
    Last edited: May 15, 2018
  11. bobgeese

    bobgeese Silver Belt

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    <TrumpWrong1>

    See the post above.
     
  12. MicroBrew

    MicroBrew Steel Belt

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    Let me reiterate and make it short-n-sweet :

    Boeing would love to complete the deal and get $20 billion in return
    Iran needs to upgrade its fleet , and needs Western technology to do that.
    Trump put the brakes on the Boeing deal, costing the company a $20 billion contract.
     
  13. Orgasmo

    Orgasmo Red Belt

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    Guess who's buying Airbus stocks?
     
  14. trolldum

    trolldum Blue Belt

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    Americans would lose less money if they were doing business with the Nazis instead of going to war.
     
  15. MadSquabbles500

    MadSquabbles500 Steel Belt

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    We did for little, and we lose less money if we stop letting Israel supporters use us to prop up Israel.
     
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  16. trolldum

    trolldum Blue Belt

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    Yeah, if you discount possible consequences of alienating huge part of American elites in the process. Which wouldn't happen because of the deal with Iran itself, but by going full anti-Israeli it would be reasonable to expect that many would lose their sense of American patriotism. Many would lose it because of their ethnic background and many others because they would see such America as the incarnation of the devil.
     
  17. VivaRevolution

    VivaRevolution Whoopin' Belt Yellow Card

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    This is true. Boeing stock isn't at 350$ a share because the 787 still hasn't booked a profit, no one is buying the 777, in anticipation of the 777-X, no one is buying 747's. The 767, and 737 are the only profitable commercial lines right now, and yet Boeing stock has doubled in the last year.
     
  18. VivaRevolution

    VivaRevolution Whoopin' Belt Yellow Card

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    Yeah, and now Airbus is going to be the sole provider to a market that will top 100 billion in the next 10 years.

    These sanctions are so stupid, without Europe being on board
     
  19. Prutfis

    Prutfis Master of pups

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    Airbus be having a party in Hamburg tonight.
     
  20. OeuvrePressure

    OeuvrePressure Push the Whopper Button

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