Iran and Cape Town Treaty; ATF price shock in India

BOC Aviation shares gained ground on their opening in Hong Kong today, up by over 2% at one point before falling back. The IPO was very well priced for BOC. Also today Airbus confirmed what we all knew to be the case – it cannot close its Iranian aircraft deals because they cannot get the aircraft financed as the major European and US banks wait to see how the playing field might look after the US, French and German elections. John Leahy, Airbus Chief Operating Officer for customers, called the banks “shy” today in Dublin but there is no substitute