INSUBCONTINENT EXCLUSIVE:
Shares of Boeing fell 0.8 percent to $337.65 after Trump's announcement
(File)WASHINGTON: Boeing Co said on Tuesday it will consult with the US government on "next steps" following
President Donald Trump's decision to withdraw from a 2015 international agreement designed to deny Iran the ability to build nuclear
weapons.IranAir has ordered 200 passenger aircraft worth $38.3 billion at list prices, including 100 from Airbus , 80 from Boeing and 20
from Franco-Italian turboprop maker ATR
All the deals are dependent on U.S
licences because of the heavy use of U.S
parts in commercial planes.The US Treasury Department said the United States will revoke authorisations for the export of commercial
passenger aircraft, parts and services to Iran after a 90-day period."As we have throughout this process, we'll continue to follow the U.S
government's lead," Boeing spokesman Gordon Johndroe said.Boeing Chief Executive Dennis Muilenburg said last month that the airplane
manufacturer has no Iranian deliveries scheduled this year
He said Boeing's 777 production plan "is not dependent on the Iranian orders." Muilenburg is set to address the Economic Club of Washington
on Wednesday.Shares of Boeing fell 0.8 percent to $337.65 after Trump's announcement that the United States was leaving the Iran nuclear
deal and that Washington would reimpose economic sanctions on Tehran.European planemaker Airbus said on Tuesday it will study Trump's
decision, adding that it would take some time.© Thomson Reuters 2018(Except for the headline, this story has not been edited by
TheIndianSubcontinent staff and is published from a syndicated feed.)
