US exit from Iran deal puts pressure on European planemakers

America's withdrawal from the Iran nuclear accord signals the collapse of US$38b in plane deals between Tehran and Western companies and leaves Airbus facing greater risks than arch-rival Boeing, according to people involved in the deals. President Donald Trump announced Tuesday he was pulling his country out of the 2015 accord, and his administration said it would revoke export licenses needed by planemakers to sell commercial planes - which require US components - to Iran. Tehran has ordered 200 passenger aircraft for IranAir, including 100 from Airbus, 80 from Boeing and 20 from ATR. Airbus is more exposed on wide-body jets, for which sluggish global demand forced it last month to revise down part of its production plans. Iran has ordered 53 wide-body jets from Airbus and 30 from Boeing. <br/>
Reuters
https://www.nytimes.com/reuters/2018/05/09/business/09reuters-iran-nuclear-aircraft-deals.html
5/9/18