Iran in talks with UK over jetliner export funding
Reuters – Iran is in talks with Britain’s export credit agency to facilitate the financing of aircraft sales to state airline IranAir as part of its pact with world powers to lift sanctions over its nuclear program, a senior Iranian official said.
IranAir’s plan to buy more than 180 jets from Airbus [AIR.PA] and Boeing ( BA.N ) is the most visible economic deal on the table after major powers last year lifted most sanctions on Iran in return for restrictions on its nuclear activities.
But financing for the purchases has been hard to secure because most Western banks are holding back, concerned about the future of the 2015 agreement after U.S. President Donald Trump called it a bad deal and ordered a review.
So far, IranAir has taken delivery of just three Airbus jets, for which it paid cash, industry sources say.
Deputy Roads and Urban Development Minister Asghar Fakhrieh-Kashan said the UK’s export credit arm, UK Export Finance (UKEF), had tentatively offered support for least ...