The government in Iran is most likely under “tremendous pressure” for spending so much money on new airplanes during a time when it’s already suffering with money problems, former Continental Airlines CEO Gordon Bethune said on CNBC’s “Squawk on the Street” on Tuesday morning.
UAL “I’m sure they’re trying to mitigate some criticism they’re getting. It’s them saying, ‘Look, I buy mine cheaper than you,'” he said. While discounts do occur in the airline production world, Bethune has “rarely seen anything of that order of magnitude.
Four stocks have been responsible for the gains in the Dow Jones Industrial Average so far this year. Airline entrepreneur Bill Franke nurtured American Airlines’ management team, transformed Spirit and Frontier, now oversees Frontier and Wizz Air and is starting an airline in Chile. New highs for the Dow and Nasdaq, but action is nothing to write home about. Action Alerts PLUS is a registered trademark of TheStreet, Inc.
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Bethune: Iran’s price talk is testosterone fueled
Jim Cramer’s Daily Booyah. Real Money Pro Portfolio. Compare All Subscription Services. Iran wants to be able to say it bought the jets at a cheaper prices than other countries, former Continental Airlines CEO Gordon Bethune said. If you liked this article you might like.
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