The United States on Thursday hit oil giant ExxonMobil with a $2 million fine for violating Ukraine-related sanctions, at a time when Secretary of State Rex Tillerson was still in charge of the company. The Treasury Department said Exxon had business dealings with Igor Sechin, president of Russian state energy company Rosneft, who was blacklisted … Read more
Iran’s Zagros Airlines has agreed to buy 28 planes from Airbus, the European aircraft maker said on Thursday at the Paris Air Show. Zagros, which flies domestic routes in Iran, signed a memorandum of understanding to pick up 20 planes of the A320neo family, and eight of the A330neo type, Airbus said in a statement. … Read more
Airbus (AIR. PA) signed a firm contract on Thursday for the sale of 100 aircraft to Iran Air, as Tehran and Western companies race to re-open trade almost a year after sanctions against Iran were lifted. Airbus said the contract, which Iran flagged earlier this week, covered 46 Airbus A320 planes, 38 A330 planes and … Read more