January 31, 2016
FLYING THE FRIENDLY SKIES:
Iran wants to buy 500 planes and resume flights to U.S. (Fred Pleitgen and Jim Boulden, 1/25/16, CNNMoney)
Iran will need hundreds of new aircraft as it rejoins global aviation networks, a move that could include direct flights to the U.S. for the first time in 36 years.Years of sanctions have left Iran's airlines with outdated and unsafe aircraft. With those restrictions now lifted, Iran is looking to spend heavily with Boeing (BA) and Airbus (EADSF), Iranian transport minister Abbas Akhondi told CNN.
Posted by Orrin Judd at January 31, 2016 12:23 PM