Airbus on Wednesday became the first airplane manufacturer to get U.S. government permission to sell aircraft to Iran following last year’s nuclear accord, getting final approval for a 17-plane sale that’s part of a larger $25 billion deal.
The European aviation company’s announcement, coming as Iranian and U.S. leaders are in New York for the United Nations General Assembly, showed that the outgoing administration of President Barack Obama is honoring the economic terms of the pact.
The next administration, however, may change that equation for Airbus and Chicago-based Boeing Co., which has its own $25 billion deal on the line with Iran that would be the biggest for an American company since the 1979 Islamic Revolution and U.S. Embassy takeover.
Though based abroad, Airbus needed the approval of the U.S. Treasury’s Office of Foreign Assets Control for the deal as at least 10 percent of Airbus components are of American origin.
Airbus applied for two licenses to cover its deal with Iran to ensure the fast delivery of some of the aircraft, Airbus spokesman Justin Dubon told The Associated Press. The license announced Wednesday covers the first 17 planes involved in the deal, which will be will be A320s and A330s, he said.
Dubon declined to offer a breakdown of how many of each model are involved
Article source: http://www.cnbc.com/2016/09/21/us-grants-airbus-first-chance-to-sell-airplanes-to-iran.html
