The Daily Parker

Politics, Weather, Photography, and the Dog

Peace dividend

The ink on the Iranian nuclear deal isn't dry yet, but already American and European companies are starting to benefit:

Iran plans to buy as many as 90 planes per year from Boeing and Airbus to revamp its antiquated fleet once Western sanctions are lifted, its state news agency IRNA quoted a senior aviation official as saying on Sunday.

"Iran will buy a total of 80-90 planes per year from the two aviation giants in the first phase of renovating its air fleet," said Mohammad Khodakarami, the caretaker director of Iran's Civil Aviation Organization, according to IRNA.

"We will purchase planes from Boeing and Airbus in equal numbers," Khodakarami was quoted as saying, adding that Iran would initially need to add at least 80 planes to its fleet each year. That would mean a total of 300 planes within five years, he added.

So over the next five years, the U.S. and Europe will get a small ($2 billion) bump in GDP. And Iran will have flyable civilian airplanes again, but no atomic bombs. Everyone wins!

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