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Airbus, Boeing granted US license to sell planes to Iran

Airbus reached a deal in January 2016 to sell Iran 118 aircraft but it required approval from the US Office of Foreign Assets ControlAirbus and Boeing announced Wednesday that they received US licenses to sell planes to Iran Air, clearing the way for the first western aircraft sales to the country in decades. The approvals from the US Treasury Department allow both aerospace giants to proceed with sales worth billions of dollars into a country that had been entirely off limits prior to the landmark 2015 nuclear deal. “We have issued the first two licenses for the export of certain commercial passenger aircraft to Iran under this new policy — to Boeing and Airbus,” said a Treasury spokesperson.

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