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Article on the Boeing Plane deal to Iran

Posted on 12/28/16 at 10:50 am
Posted by mtheob17
Charleston, SC
Member since Sep 2009
5509 posts
Posted on 12/28/16 at 10:50 am
LINK

This might be worth posting on the Money Board, but Iran thinks their deal is half the worth. Anxious to hear Boeing's response.

quote:

Iran says it's buying Boeing planes for half the price Boeing's more than $16 billion deal to sell commercial planes to Iran will bring in only half the announced price, Iran's transport minister said according to a Sunday report. “Regarding the style of our order and its options, the purchase contract for 80 Boeing aircraft is worth about 50 percent of the amount," Asghar Fakhrieh Kashan told Iran's official IRNA news agency, the Associated Press reported. ( Puget Sound Business Journal)


Posted by mmcgrath
Indianapolis
Member since Feb 2010
37334 posts
Posted on 12/28/16 at 10:53 am to
quote:

Iran says it's buying Boeing planes for half the price Boeing's more than $16 billion deal to sell commercial planes to Iran will bring in only half the announced price, Iran's transport minister said according to a Sunday report. “Regarding the style of our order and its options, the purchase contract for 80 Boeing aircraft is worth about 50 percent of the amount," Asghar Fakhrieh Kashan told Iran's official IRNA news agency, the Associated Press reported. ( Puget Sound Business Journal)
If they normally sell for $100 million per, that does seem about right. Looks like they were marked up 100% then we gave them a buy one get one free coupon.
Posted by Zahrim
McCamey Texas
Member since Mar 2009
8146 posts
Posted on 12/28/16 at 10:59 am to
If they don't like the price they can buy airbus?
Posted by mtheob17
Charleston, SC
Member since Sep 2009
5509 posts
Posted on 12/28/16 at 11:01 am to
I guess the fact that they're able to business with Iran at all should be a blessing to the Iranians.

I think you're right on the math though.

This post was edited on 12/28/16 at 11:02 am
Posted by Friscodog
Frisco, TX
Member since Jul 2009
5060 posts
Posted on 12/28/16 at 11:03 am to
Boeing has been used to dealing with Obama and the US Government, thus the overcharge...
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