If approved by the US government, the deal will be a big deal for Boeing, as it tries to catch up with European rival Airbus, which has already landed similar deals with Iran.

Wall Street cheered the prospect, sending Boeing’s shares higher, when the news broke last Tuesday.

The Boeing order will also be a big deal for American companies eager to do business with Iran, as it will signal a thaw in business relations between the two nations — relations which have been frozen since the 1979 Revolution and siege of the American Embassy.

Read More: http://www.forbes.com/sites/panosmourdoukoutas/2016/06/19/how-will-iran-pay-boeing-in-dollars-or-euros/#14289e05515f


 

Catch up

catch someone/something up:

to improve in order to reach the same standard or rate as someone or something

“He’s missed so much school that he’s going to find it hard to catch up.”

catch up with:

“Pressure grew for salaries to catch up with inflation.”


 

Land:    / land/ informal

to win or obtain: to land a job.


 

Cheer  /tʃɪr/   Verb

to cause (someone) to feel happier or more hopeful

“Investors were cheered by good economic news.”


 

Prospect   /ˈprɒspekt/   N

the possibility that something might happen in the future, especially something good:

there is little/no prospect of sth

“Is there any prospect that serious change in the administration’s economic policies could emerge from this session?”


 

Break   /breɪk/      past tense: broke    

(of news or a scandal) suddenly become public.

“since the news broke I’ve received thousands of wonderful letters”

synonyms:       erupt, burst out, break out

“a political scandal broke in mid-1991”


 

Deal: / diːl/

An indefinite quantity, extent, or degree:

“has a great deal of experience.”


 

Signal  /ˈsɪɡ.nəl/   Verb

to show that you intend or are ready to do something:

[+ that] “The union has signalled that the workers will strike.”

“The union has signalled the workers’ intention to strike. “

“The death of Chairman Mao signalled (= marked) the end of an era in Chinese history.”


 

Thaw:  /θɔ/   Noun

 A change to a friendlier attitude esp. between people or countries that were enemies:

“It was hoped that the agreement to exchange athletes would lead to a thaw in relations between the two countries”


 

Siege   /siːdʒ/ Noun

a situation in which a group of people surround a building in order to protest about something or to force the people inside to come out

“Police surrounded the house for a 12 hour siege.”

state of siege:

“The town was in a state of siege (=people could not leave or enter it).