By Micah Halpern
I've Been Thinking:
Iran's President Rouhani will be in Europe from Monday through Thursday.
Rouhani intends to buy planes and court investors. In the week since sanctions were lifted, over $50 billion in foreign investments has poured into Iran. Now Rouhani knows what he needs.
Rouhani will be in Rome for two days and then go to Paris. Iran has ordered 114 Airbus planes including the Jumbo A-380, the A-320 and the A-321 from France. That comes to a total of $18 billion.
Iran needs to renew their passenger fleet which has not been updated for nearly four decades. Airbus is a French company. Boeing, the Seattle based US company, would really like to supply Iran, too. In addition Iran wants to add at least 20 new regional planes. The best supplier for the regional jet is CanAir/ Bombardier. They are a Canadian company.
This weekend Iran hosted 300 guests from various airplane companies, luring them back into the Iranian market. Iran is becoming a serious consumer. They have the need and they have the cash. Any supplier is going to want to step up and bid to get their business.
In case you had any doubts - sanctions against Iran are a thing of the past.
Micah@MicahHalpern.com
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