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CLEARANCE FOR $20bn EXPORTS

Airbus is cleared to deliver more than $20 billion
in jets to Iran Air

US approves Airbus sale of over 100 jets to Iran

LONDON, November 23, 2016

The Obama administration has approved the export of more than Airbus 100 jetliners to Iran, despite a move by US lawmakers for a clamp on such transactions, a report said.

The export license, granted by the US Office of Foreign Assets Control, and clears Airbus to deliver more than $20 billion in jets to Iran Air, the country’s flag carrier, reported the Wall Street Journal.

In a landmark deal, Iran Air and Airbus in January agreed on the potential sale of up to 118 jetliners. While Airbus in September won US government approval to deliver 17 planes to Iran Air, Boeing also received approval to sell planes to the carrier.

The Obama administrated has been working to strengthen the accord, including by granting more export licenses for business to sell in Iran. The effort is unrelated to Trump’s election victory, US officials were quoted as saying in the report.




Tags: airbus | Iran Air | Jetliner |

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