PPRuNe Forums - View Single Post - Iran Air signs with Airbus for 118 new airframes (including A380)
Old 29th Jan 2016, 07:42
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El Bunto
 
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Also, this ‘order’ will need to be financed. Where’s the money coming from?
Do you ask the same when other airlines place big orders? Usually their financing is built on a house of cards, with all sorts of byzantine financial instruments propping each other up. Iran Air doesn't have that problem.

Iran has over $100 billion in oil revenue frozen in various banks around the World. The cessation of sanctions will release the majority of that; Iran has been consistently selling oil to China, Turkey and a host of other countries but because of sanctions the buyers held the payment in escrow.

And then there is the money that the USA seized; a couple of weeks ago Iran received the first tranche of funds that were trapped in US banks since 1979; $400 million plus $1.3 billion in interest.
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