Sunday, January 17, 2016

Can you Steal the Wealth of Nations? Iran and Planes

According to the article : http://www.bloomberg.com/news/articles/2016-01-16/iran-to-buy-114-airbus-aircraft-for-iran-air-eyes-more-deals , Iran will be buying planes. Many Planes. 114 A320 and end of production A340s; not all new, of course.

There is no longer a short range commercial passenger liner - less than 1500km range aircraft. Medium Range aircraft travel 12'000km, such as the A320 family.

Other oil empires have built strong Airline companies, on the backs of subsidies. All Non-Free Trage, Anti competitive behaviour. Should Iran operate such an airline company, it would command access to China and, I suspect, Ethiopia.