COMAC C919
- Thread starter Deino
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Hendrik_2000
Lieutenant General
Hendrik_2000
Lieutenant General
(cont)
Hendrik_2000
Lieutenant General
Here is potential customer for C919 but Beijing has to furnish it with domestic engine and avionic
Iran expects word from Airbus on plane deal soon: Fars
By Parisa Hafezi and Tim Hepher,Reuters 13 hours ago
By Parisa Hafezi and Tim Hepher
ANKARA/PARIS (Reuters) - Iran expects to hear from Airbus in the coming days about the fate of an order for 100 planes that looks to have been wrecked by the United States' decision to reinstate sanctions on the Islamic Republic.
The deal, potentially worth about $18-20 billion at list prices, was agreed in December 2016. But so far only three planes have been delivered, with industry sources blaming delays on the wariness of banks to finance business with Tehran.
The U.S. administration appeared to deal a fatal blow to the transaction on Tuesday when President Donald Trump pulled Washington out of the 2015 nuclear accord with Iran and said it would reimpose sanctions on the Islamic Republic.
Washington said at the time that it would also revoke the export license needed by planemakers to sell commercial planes to Iran. Although Airbus is a European firm, its aircraft use U.S. components and technology.
"Airbus will announce its decision in the coming days," senior adviser to Iran's Roads and Urban Development Minister Asghar Fakhrieh-Kashan told the semi-official Fars news agency.
"No downpayment has been made by Iran to the planemakers for future deliveries," he added.
An Airbus spokesman declined to comment.
Washington's decision to reinstate sanctions signals the collapse of about $38 billion in plane deals between Tehran and Western firms, with Airbus facing greater risks than its U.S. rival Boeing, people involved in the deals say.
IranAir, the national flag carrier, had ordered 200 passenger aircraft, with 100 from Airbus, 80 from Boeing and 20 from ATR. All the deals are dependent on U.S. license because of the heavy use of American parts in the planes.
Iran has so far imported only about 11 aircraft, three from Airbus and eight from Franco-Italian turboprop maker ATR .
"During the talks with Airbus and Boeing we did not consider any possibility of such exit from the deal and it was not mentioned in the contracts," Fakhrieh-Kashan, a former deputy minister who negotiated the contracts, told Fars.
Other Iranian airlines had also made provisional plane orders, but had yet to sign firm contracts.
SANCTIONS WINDOW
Industry sources say Airbus is resigned to losing Iran's business for the time being, but will carefully consider its options before cancelling it from its official order book, as doing so could tip it into negative net orders - orders minus cancellations - for the year.
But the loss of U.S. export permits and confirmation that Iran has not paid a deposit, as previously reported by Reuters, could force Airbus to tell investors the deal cannot go through.
Fakhrieh-Kashan raised the prospect that some deliveries could, however, still go ahead in a 90- to 180-day window allowed for winding down current business under the new U.S. sanctions framework.
"We are in contact with Airbus and they are exploring all possibilities that might exist to take advantage of the limited time in front of us," he told Reuters by telephone.
"It all depends on European government support and policies," he added.
The other major signatories of the 2015 Iran nuclear deal, including European countries, China and Russia, have said they will stand by the agreement. However, Germany, France and Britain, in a bid to bring Washington back into the deal, want talks to be held with Tehran in a broader format covering Iran's ballistic missile program, its nuclear activities beyond 2025 and its involvement in conflicts in the Middle East.
Under the nuclear deal, Iran curbed its nuclear program in return for lifting most international non-nuclear sanctions imposed on the country that crippled its economy for years. Most sanctions were lifted in 2016.
Iran expects word from Airbus on plane deal soon: Fars
By Parisa Hafezi and Tim Hepher,Reuters 13 hours ago
By Parisa Hafezi and Tim Hepher
ANKARA/PARIS (Reuters) - Iran expects to hear from Airbus in the coming days about the fate of an order for 100 planes that looks to have been wrecked by the United States' decision to reinstate sanctions on the Islamic Republic.
The deal, potentially worth about $18-20 billion at list prices, was agreed in December 2016. But so far only three planes have been delivered, with industry sources blaming delays on the wariness of banks to finance business with Tehran.
The U.S. administration appeared to deal a fatal blow to the transaction on Tuesday when President Donald Trump pulled Washington out of the 2015 nuclear accord with Iran and said it would reimpose sanctions on the Islamic Republic.
Washington said at the time that it would also revoke the export license needed by planemakers to sell commercial planes to Iran. Although Airbus is a European firm, its aircraft use U.S. components and technology.
"Airbus will announce its decision in the coming days," senior adviser to Iran's Roads and Urban Development Minister Asghar Fakhrieh-Kashan told the semi-official Fars news agency.
"No downpayment has been made by Iran to the planemakers for future deliveries," he added.
An Airbus spokesman declined to comment.
Washington's decision to reinstate sanctions signals the collapse of about $38 billion in plane deals between Tehran and Western firms, with Airbus facing greater risks than its U.S. rival Boeing, people involved in the deals say.
IranAir, the national flag carrier, had ordered 200 passenger aircraft, with 100 from Airbus, 80 from Boeing and 20 from ATR. All the deals are dependent on U.S. license because of the heavy use of American parts in the planes.
Iran has so far imported only about 11 aircraft, three from Airbus and eight from Franco-Italian turboprop maker ATR .
"During the talks with Airbus and Boeing we did not consider any possibility of such exit from the deal and it was not mentioned in the contracts," Fakhrieh-Kashan, a former deputy minister who negotiated the contracts, told Fars.
Other Iranian airlines had also made provisional plane orders, but had yet to sign firm contracts.
SANCTIONS WINDOW
Industry sources say Airbus is resigned to losing Iran's business for the time being, but will carefully consider its options before cancelling it from its official order book, as doing so could tip it into negative net orders - orders minus cancellations - for the year.
But the loss of U.S. export permits and confirmation that Iran has not paid a deposit, as previously reported by Reuters, could force Airbus to tell investors the deal cannot go through.
Fakhrieh-Kashan raised the prospect that some deliveries could, however, still go ahead in a 90- to 180-day window allowed for winding down current business under the new U.S. sanctions framework.
"We are in contact with Airbus and they are exploring all possibilities that might exist to take advantage of the limited time in front of us," he told Reuters by telephone.
"It all depends on European government support and policies," he added.
The other major signatories of the 2015 Iran nuclear deal, including European countries, China and Russia, have said they will stand by the agreement. However, Germany, France and Britain, in a bid to bring Washington back into the deal, want talks to be held with Tehran in a broader format covering Iran's ballistic missile program, its nuclear activities beyond 2025 and its involvement in conflicts in the Middle East.
Under the nuclear deal, Iran curbed its nuclear program in return for lifting most international non-nuclear sanctions imposed on the country that crippled its economy for years. Most sanctions were lifted in 2016.
asif iqbal
Lieutenant General
Iran’s order could be worth billions
MastanKhan
Junior Member
deleted
Equation
Lieutenant General
But China can sell to Iran the AVIC AG600 large sea plane though. I believe the majority of those technology are Chinese design and made.
Yes, majority of the value of the plane is made in China, about 60% currently and they are increasing it over time. The engines on the other hand are American LEAP-1C turbofans. China has its domestic engine on the way but not here yet. China's domestic value in core components would eventually be higher than Russia's new passenger jet which is partnered with France for the Sukhoi Superjet 100 engine.
"Snecma is in charge of the core engine, control system (), transmissions (accessory gearbox, transfer gearbox), overall engine integration and flight testing. NPO Saturn is responsible for the components in the low pressure section and engine installation on the regional aircraft and ground testing."
China's goal is 100% domestic capability but not 100% domestic value. When markets are open they will buy according to market principals but desires to maintain domestic replacement of the whole supply chain in case the market is cut off.
CJ-1000AX (domestic)
In the short run Iran is out of luck. They would have to wait until the 2020's for any meaningful industrial support from China or Russia but they can still place orders.
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SSJ-100R (with replacement of all sanctioned parts) is already being developed.
Problem is, both MC-21 and C919, I.E. The most valuable part of a pie, won't have anything similar anytime soon.