US lawmaker calls for ‘economic engagement’ with Iran

A US Democratic legislator, on Tuesday, censured the adversaries of a multi-billion dollar transaction between Iran Air and giant aviation Boeing, bidding for economic engagement with Iran.

The Weekly Standard reported the Oregon Congressman Earl Blumenauer as saying, “I think it’s appalling that people are marching a crusade against selling Boeing airplanes to Iran.” He added, “That order would create about 100,000 American jobs over the next ten years”.

Blumenauer  underscored the “profound opportunities” accessible for “economic linkage” with Iran.

His statement came after US lawmakers approved two laws last month focussed at Chicago-based Boeing, which had proposed Iranian airlines three prototypes of new aircraft to substitute the country’s timeworn flotilla.

The legislation was included in a financial services expenditure statement that the House netted by vote of 239-185. Airbus  requires Washington’s approval to export airliners to Iran because the planes involve US-made parts.

Iran had signed a major contract of $27 billion with the globally- leading aviation company Airbus to secure 118 planes from the company back in January. The Iran-Airbus contract was wrapped up during a state visit to Paris by Iran’s President Hassan Rouhani.

Managing Director of Iran Air Farhad Parvaresh recently disclosed that Iran has a flotilla of 250 aircraft, of which 90 are useless due to the current economic crisis or misplaced fragments. He said 80 per cent of that will need to be renewed within the subsequent decade, adding that economic development could increase more jets to Iran’s shopping catalogue.

Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany) reached a ground-breaking nuclear deal on July 14, 2015. The deal terminated international economic sanctions against Tehran, permitting airline builders to return to the industry.

Back in June, Head of Iran’s Civil Aviation Organization (CAO), Ali Abedzadeh, revealed that Tehran and Boeing have reached an agreement for the acquisition of 100 aircraft in an effort to modernize the country’s out-dated fleet.

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