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Boeing and Iran sign $16.6 Billion Deal on Sale of Aircraft

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A Boeing 747 belonging to Iran’s national airline at Mehrabad International Airport in Tehran in 2003. Credit Hasan Sarbakhshian/Associated Press

A Boeing 747 belonging to Iran’s national airline at Mehrabad International Airport in Tehran in 2003. Credit Hasan Sarbakhshian/Associated Press

SAN FRANCISCO (Diya TV) — Iran and U.S. aircraft manufacturer Boeing signed a deal for the sale of 80 airplanes on Sunday, five weeks before the inauguration of president-elect Donald Trump, whose Republican counterparts in Congress have spent countless hours attempting to block any aircraft sales to Iran.

The country’s national airline, Iran Air, said that it had signed an agreement with Boeing to purchase the aircraft at a total cost of $16.6 billion.

Back in September, the Treasury Department gave its blessing to Boeing, and its European competitor, Airbus, to sell planes to Iran. Boeing has confirmed the deal, saying the agreement was reached within the terms of the government license that the department had issued.

The sale includes 50 twin-jet, narrow-body 737 planes and 30 long-range, wide-body 777 aircraft. The first planes are scheduled for delivery in 2018, the entire deal will be fulfilled over a span of 10 years. In a statement, Boeing said the deal would support tens of thousands of American jobs directly associated with the production and delivery of the planes, as well as another 100,000 jobs across the aerospace industry in the U.S.

For nearly 40 years, no American companies were allowed to engage in significant business with Iran, which officially views the United States as an archenemy. However, the deal not only represents a transaction, but ensures there will be a long-term relationship between Boeing trainers and employees of Iran Air.

However, the likelihood of the deal being completed has been decreased with the election of Donald Trump.

The bill introduced by House Republicans attempts to stop the sale of aircraft to Iran, obliging the Treasury Department to refuse the licenses needed by American banks to finance such an agreement. It passed a vote in the House of Representatives in November, but President Obama has vowed to veto the legislation if it gains Senate approval as well.

Trump, like with several of his opinions, has more than one on Boeing going into business with Iran. In June, his campaign issued a statement on the negotiations between Iran and Boeing, saying, “The world’s largest state sponsor of terror would not have been allowed to enter into these negotiations with Boeing without Clinton’s disastrous Iran nuclear deal.”

But in January, he complained in a post on Twitter that after the nuclear agreement, which was enacted that month, the Iranians were going to spend their money in Europe rather than in the United States.

“Iran is going to buy 116 jetliners with a small part of the $150 billion we are giving them … but they won’t buy from U.S., rather Airbus,” he wrote.

With American financial institutions possibly being blocked from financing and maybe even transferring money in the deal, it remains unclear how Iran could afford to pay for the aircraft. The Iranian state news agency, IRNA, in a report on the deal, made no mention who would finance the purchases. It did say that the agreement was not yet fully finalized.

Information from the New York Times contributed to this article.

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Harvard to host 17th annual India Conference this February

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CAMBRIDGE, Mass. (Diya TV) — For the 17th year in a row, the graduate students at Harvard University will host an India Conference. It will take place during the weekend of February 15-16, 2020. Two days of exciting discussions through panels, mixers and networking will fill the halls of the Harvard Business School and Kennedy School of Government.

The theme for this year’s conference is Foresight 20/20 – a look at what to expect from India in 2020 and beyond. As one of the largest student led conferences in the USA, the Harvard India conference attracts the biggest headliners from every field – from politics, business, entertainment & the arts. And this year is no different.

India Conference
India Conference at Harvard

With more than 100 speakers and 1000 attendees, the conference promises to have something for everyone. This year’s biggest draw from the entertainment genre is veteran Bollywood actor and self proclaimed ambassador to India, Anupam Kher. Kher has a long standing list of accolades within the film industry. In addition to his acting roles, he has been a producer, director and teacher at his own acting school. Most recently he played the role of Dr. Vijay Kapur on NBC’s primetime drama ‘New Amsterdam‘.

Some other notable speakers this year include founder of the India Today Group, Aroon Purie, Indian Olympic athelete Dutee Chand, comedian and actor, Vir Das, partner at Softbanks’ Vision Fund Lydia Jett & politician and India’s ruling party (BJP)’s sherpa to the G20, Suresh Prabhu.

The harsh winter in Harvard doesn’t seem slow down or dull these brilliant minds in any way. The India Conference at Harvard continues to retain its standing as the conference of choice for deliberating issues ranging from technology, media, politics and eduction to creating solutions for India’s path towards global leadership. The event features brainstorming sessions and sincere discussions on the very real and large scale problems that are uniquely Indian.

Diya TV is a media sponsor to the event and will be on-site covering conference. To receive a 20% discount use code RDAY20 here and to know more about the conference or speakers, head to the IndiaConference.com

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Indian Ambassador, Shringla speaks to U.S. Congress about Kashmir

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AMB. Shringla speaks to congress about Kashmir | Diya TV News

WASHINGTON (Diya TV)  — Indian Ambassador to the U.S. Harsh Shringla met with members of Congress at a private roundtable briefing, hosted by Southern California Congressman Brad Sherman. Sherman, who has been a supporter of India, took to Twitter recently to share his concerns about Kashmir and said serious questions about Kashmir were asked at the briefing.

President Trump is being urged to fix the H1-B visa process and do away with country-specific limits, with the latest effort for reform being spearheaded by 60 U.S. business school deans and CEO’s.

In an earthquake, seconds matter. So on the anniversary of the deadly 1989 Loma Prieta earthquake that rocked Northern California, state officials announced the launch of America’s first statewide earthquake early warning system.

Tabla Maestro Zakir Hussain will be coming to Boston next month to perform at the Berklee India Exchange, where he will also be conferred with an honorary doctorate by the esteemed music school. A Zakir Hussain Scholarship at Berklee is also being established.

And we have incredible video of three kids from India rescuing their dog from a snake that’s equal parts courageous and nuts.

Ravi Kapur contributed to this report.

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Federal Court rules Trump must turn over tax returns | Diya TV News

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Trump Tax Returns

NEW YORK (Diya TV) — A federal judge ruled President Trump must turn over eight years of his personal and corporate tax returns to Manhattan prosecutors, striking down the President’s argument that a sitting president cannot be criminally investigated. The ruling was quickly appealed and this case could end up in the Supreme Court to answer the constitutional question of whether presidents can be charged with a crime.

Meanwhile, the President celebrated a victory by FCC Chairman Ajit Pai, as a federal appellate court upheld most of the FCC’s repeal of net neutrality. It also ruled the FCC cannot preempt state net neutrality laws, meaning the rules of the road in states like California remain in place.

The U.S. House Foreign Affairs Committee announced their Asia-Pacific and Non-Proliferation Subcommittee will be holding a hearing asking State Department officials and human rights activists to chime in on Human Rights in Kashmir, the Tamils of Sri Lanka, Muslims in Assam and the human rights situation in Pakistan, which includes the Sindh Province.

Lockheed Martin announced they will build F-16 wings exclusively in India, helping in integrating Indian industry into the $165 billion fighter aircraft market.

Ravi Kapur contributed to this report.

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