Member Info for Novice14

North Korea reportedly cancels meeting with South Korea, threatens to ditch summit with US over military drills https://www.cnbc.com/2018/05/15/north-korea-cancels-scheduled-meeting-with-south-korea-reports.html - could stretch/delay the Iran plan?

Trump's Cave to China’s ZTE Hurts His Iran Strategy https://www.bloomberg.com/view/articles/2018-05-15/trump-s-leniency-with-china-s-zte-hurts-his-iran-strategy

Haha hear rumours EU ministers singing the same “We’re in the money” and the brexetiers too :-) https://news.sky.com/story/boris-johnson-says-companies-must-remain-confident-in-doing-business-in-iran-11372561

Trump is unpredictable and does not stick to what he says in terms of policy https://www.hongkongfp.com/2018/05/14/donald-trump-says-working-chinas-xi-jinping-save-telecom-giant-zte/ aviation security and provision does not revolve around Trump ...............

Thales are in Iran too http://www.defense-aerospace.com/articles-view/release/3/173154/france’s-thales-to-supply-atc-systems-to-iran.html and the French have a lot to loose therefore no way Trump will triumph https://en.mehrnews.com/news/131294/Iran-France-joint-working-group-holds-first-meeting

Could work in WSG favour so not an issue “Payment Methods, Trade Financing, and Financing Guarantees. U.S. importers are allowed to pay Iranian exporters, including with funds denominated in dollars, but funds cannot go directly to Iranian banks and must pass through third-country (such as European) banks. In accordance with the ITRs’ provisions that transactions that are incidental to an approved transaction are allowed, financing for approved transactions are normally approvable.” [Page 9 - https://fas.org/sgp/crs/mideast/RS20871.pdf] April 2018. In addition In addition the sanctions proposal is on the “denial of Export-Import Bank loans, credits, or credit guarantees for U.S. exports to the sanctioned entity (original ISA)” “denial of U.S. bank loans exceeding $10 million in one year to the entity (original ISA)” “prohibitions in transactions in foreign exchange by the entity (added by CISADA)” “prohibition on any credit or payments between the entity and any U.S. financial institution (added by CISADA)” none of which are relevant to WSG’s transactions. Page 16

There has been much international engagement already to improve airport security in Iran https://www.icao.int/Meetings/icaotrip-Iran-2016/Pages/Presentations.aspx (2016) - this will not stop coz Trumpy decided to fart

In the interest of national and global security makes sense for the WSG deal with Iran to go ahead “5 March 2018: The British Home Secretary has said that representatives of the aviation industry in the UK and America agreed continued information sharing was an important tool in combating the terrorist threat” https://www.internationalairportreview.com/news/67490/washington-roundtable-discussion/

Did the U.K. Department of International Trade have a role in the Westminster Group deal? http://www.britishwater.co.uk/events/iran-uk-water-roundtable-314.aspx

http://www.bicc.org.uk/index.html - In a joint statement, the leaders of the UK, France and Germany have emphasised their continued commitment to the JCPoA. As such, the UK Government continues to fully support expanding our trade relationship with Iran and encourages UK businesses to take advantage of the commercial opportunities that arise - http://www.bicc.org.uk/nw-hm-release-09_05_18.html

https://www.flightcentre.co.uk/uk-travel-blog/a-beginners-guide-to-exploring-iran-with-g-adventures Worth a holiday once WSG kicks off???..........

Couldn’t agree more Slipperz :-)

http://aviationiran.poseidan.com - Ralf Gaffal (Managing Director Munich Airport International GmbH) and Salim Awadh Al Yafai (General Manager, Salalah International Airport Oman Airports Management Company SAOC) spoke at the Aviation Infrastructure Conference that is a community crafted to maximize the potential of aviation & airport industry, and a premier meeting place for all key players accessing to the blooming markets. Hosted in Tehran on January 22-23, Aviation Infrastructure Iran 2018 brought together local airport operators and policy makers, as well as the service providers and other enterprises across the world.

An interesting article from 2015: (1) “Even before the now-formality of lifting of sanctions (after a positive announcement by the IAEA on 15-Dec-2015), Iran has had annual passenger traffic of 47 million through 67 airports, with traffic growth of 6% per annum Speaking at the CAPA Asia Aviation Summit in Singapore on 23-Nov-2015, Ahmadreza Bayati Doosti, IAHC Deputy International Cooperation, said that approximately USD3 billion in investment opportunities were available in airport infrastructure during 2016” (2) “France and China, will continue to make the running where investment into Iran’s airport sector is concerned, while their potential competitors will bide their time” and (3) “Opportunities are undeniable, for investors prepared to play the long game” https://centreforaviation.com/insights/analysis/airport-investment-outlook-a-market-with-enormous-potential-iran-258081

If the deal with Airbus and Boeing is frozen then then the Chinese will be on standby with their recently launched C-919: first Chinese-built Twin-engine passenger plane that has been designed to compete with the Airbus 320 and Boeing 737 https://www.theguardian.com/world/2017/may/05/chinas-first-home-made-plane-makes-maiden-flight that means people will still continue traveling (as they are now) and airports will be used ensuring revenue???? Regardless it looks like the Chinese are involved to provide funding for the plane purchase campaigns – most notably those pursued with Airbus and Boeing http://www.presstv.com/Detail/2018/03/14/555454/Chinese-firm-to-fund-Iran-plane-purchases

The sanctions on finance could be bypassed as the current sanctions proposal from the US state s “Sanctions on the purchase or acquisition of U.S. dollar banknotes by the Government of Iran; Sanctions on significant transactions related to the purchase or sale of Iranian rials, or the maintenance of significant funds or accounts outside the territory of Iran denominated in the Iranian rial; and Sanctions on the purchase, subscription to, or facilitation of the issuance of Iranian sovereign debt” https://www.treasury.gov/resource-center/sanctions/Programs/Documents/jcpoa_winddown_faqs.pdf. The Iranians are probably one step ahead on this regard “Iran will start reporting foreign currency amounts in euros rather than U.S. dollars, as part of the country’s effort to reduce its reliance on the U.S. currency due to political tension with Washington” (April 2018) therefore potentially bypassing any stipulated US sanctions https://uk.reuters.com/article/us-iran-currency-euro/iran-switches-from-dollar-to-euro-for-official-reporting-currency-idUKKBN1HP25W that also culminated in the “Iran and Italy €5 billion Finance Deal” earlier this year https://financialtribune.com/articles/economy-business-and-markets/79791/iran-italy-conclude-5-billion-finance-deal. In addition China is the largest importer of Iranian crude and enjoys close relations https://www.washingtonpost.com/news/world/wp/2018/05/11/chinas-new-train-line-to-iran-sends-message-to-trump-well-keep-trading-anyway/ therefor financing should not be an issue in view of the recent switch to using the Yuan to purchase oil https://www.reuters.com/article/uk-iran-nuclear-china-oil/iran-oil-sanctions-could-advance-chinas-petro-yuan-idUSKBN1IB32H therefore money will still pour into Iran bypassing the stipulated US sanctions ..............

It’s a growing market - think of that: “the number of passengers traveling from Tehran’s Mehrabad International Airport has grown from 10 million to 18 million in the past three years” https://financialtribune.com/articles/economy-business-and-markets/79263/growth-in-traffic-at-tehran-s-mehrabad-airport and the target is 25 million. The expansion completion was due in March 2018 (or should be nearing completion) [expansion signed in 2016 http://www.seamilano.eu/sites/sea14.message-asp.com/files/imce/scheda_22.pdf] therefore income generating straight away at the higher levels ($1 per passenger = $25 million and this is just one intertnational airport that is being redeveloped from potential of 8 undergoing refurbishment) http://www.aviationiran.com/2017/05/24/new-tehran-and-shiraz-terminals-to-open-in-2018/. It’s going to happen - fortune favours the brave .........

$650 million in firm contracts have already been received to modernise / expand airports through private and foreign investors - a clear plan to accommodate more passengers resulting in increased revenues + there are 2 international airports in Tehran alone - Teheran’s Mehrabad International Airport with plans to build a new $250 million terminal could eventually grow to 120,000sqm and effectively allow the airport to double its capacity from 14mppa to 28mppa and with investors sought to develop a new 25mppa terminal at Teheran’s Imam Khomeini International Airport under the framework or either a Build Operate Transfer (BOT) or Build Lease Transfer (BLT) agreement - just think of the future potential revenue generation??!!! Then bring into the fold Mashad, Isfahan, Tabriz and we will be at a different level: http://www.airport-world.com/news/general-news/6100-investors-sought-to-develop-iran-s-airports.html Me thinks this is just the start of a bigger plan .................

More to come?? https://www.vinci-airports.com/en/news/vinci-airports-signs-memorandum-understanding-expansion-two-airports-iran https://en.trend.az/iran/business/2711404.html https://www.azernews.az/region/107732.html Multiple airport MOUs already in place signed in 2017 with different countries and finance from the Germans, Japanese and Chinese being sought - this will still turn out to be interesting!!

Exactly!! The value of trade between the EU and Iran has soared from $9.2bn (£6.8bn) in 2015 to $16.4bn in 2016 after the deal was signed. In 2017, trade reached $25bn. Patrick Pouyanné, the chief executive of the French energy firm Total, has already called for the EU to pass a blocking statute, similar to that passed in the 1990s to protect EU firms from US sanctions. Total is working on the $3.8bn South Pars project, in the world’s largest gas field. In Germany, where trade with Iran has risen by 42% since 2015 to €3.4bn a year. With Brexit looming the U.K. was supposed to be “trading” with the world??? Wonder who they are ...........