Iran: The race for spoils

The lifting of some of the sanctions on Iran has seen representatives, particularly from the airframe and engine manufacturers, grab their passports and dash for the airport with a new destination in mind – Tehran. However, can the enthusiasm for a new and potentially very large market be matched by realistic leasing and financing solutions in the volumes being discussed, and what risks are there for banks and leasing companies who participate? Opportunities exist, but caution is warranted, especially as there are increased complications from regulatory compliance.