Boeing and Airbus to lose nearly $40bn due to Trump's decision to pull US out of Iran nuclear deal

Boeing and Airbus to lose nearly $40bn due to Trump's decision to pull US out of Iran nuclear dealAirplane manufacturers Boeing and Airbus will lose out on a $39bn deal due to new sanctions imposed as a result of US President Donald Trump’s the US would not participate in the Iran nuclear agreement. Licenses for the companies to sell passenger jets to Iran are going to be revoked, US Treasury Secretary Steve Mnuchin said. Easing sanctions such as this was a major inducement get Tehran to sign the Joint Comprehensive Plan of Action (JCPOA) in 2015 under President Barack Obama and stem the growth of its nuclear weapons programme.


Source: Yahoo! News