Reuters:

President Donald Trump’s hawkish new approach towards Tehran, coupled with banking worries and domestic political turbulence in both countries, are causing growing uncertainty over Iran’s $36 billion deal to buy airliners from Boeing, Airbus and ATR.

IranAir’s decision to buy a total of 200 aircraft from the two giants and Franco-Italian turboprop maker ATR marked the zenith of a 2015 pact between Tehran and world powers to renew trade in exchange for placing curbs on Iran’s nuclear activity.

IranAir says its $16.5 billion deal with Boeing is the biggest with a U.S. company since the 1979 Islamic Revolution.

Several people involved in the airliner deals fear they have become too big to cancel but too sensitive to implement fully beyond a limited number of jets for which Iran has the funds to pay for in cash without foreign loans.

“I don’t see who would be willing to provide financing for Iran with such a negative groundswell in the United States,” said consultant and former aviation banker Bertrand Grabowski.

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