Iranian Official Brags About Discount on Boeing Jets

Iran's deputy transport minister said his county will only pay half of the announced price for 80 new Boeing planes.
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Iran's official IRNA news agency reports that Iran's deputy transport minister said his county will only pay half of the announced price for 80 new Boeing (BA) - Get Report planes, but is it the deal he claims it is? Some analysts and aviation experts say it's common practice for jet manufacturers to discount large orders and that the government of Iran is simply trying to impress its people. Boeing's deal with Iran is also very controversial. The company has the U.S. government's approval to fill the order but some Republicans in Congress are opposed and President-elect Trump has been critical of the Iran nuclear accord that enabled the deal. Financing may also be a problem. The likely solution is that the Bank of China will end up as the financier and will most likely purchase the planes and lease them to Iran.

This article was written by a staff member of TheStreet.