Three separate groups of Boeing Co (NYSE:BA) officials are in Iran to discuss the merits of their $25 billion aircraft sale to the country. The official trip to the Islamic Republic follows ongoing obstacles Iran has faced to close the deal with the American aircraft manufacturer.
Iran’s Minister of Roads and Urban Development, Abbas Akhundi said on Press TV, a local state-run news channel: “Right now, Boeing representatives, including three financial, legal and technical groups are in Tehran and negotiating.” According to Mr. Akhundi, Airbus has already been through similar negotiations with the Islamic Republic, although no official outcome of the negotiations have been revealed. Comments from the minister might be aimed at increasing pressure on US officials to approve the deal.
A Baker Donelson attorney in Washington D.C, Doreen Edelman said: “This is a very big deal. Boeing has been working on this, behind the scenes, for a very long time.” She further added that according to the notwithstanding government approval of the deal, the aircraft manufacturer is legally allowed to move forward with its deal with Iran, in negotiating key parts of the complex transaction.
Source: http://www.bidnessetc.com/72288-boeing-meets-iranian-officials-25-billion-deal-finally-going/
