Tuesday, 16 October, 2018

U.S. grants Airbus license to sell 106 planes to Iran

The Iranian captain of an Airbus A380-800 airctaft of Emirates Airline holds an Iranian national flag after landing at Tehran's IKA airport on September 30, 2014. Dubai's Emirates Airline made a one-off flight to the Iranian capital, for the first time with its flagship Airbus A380 plane to celebrate its recent introduction of more flights on the route. AFP PHOTO/BEHROUZ MEHRI        (Photo credit should read BEHROUZ MEHRI/AFP/Getty Images)

The U.S. Treasury Department has issued a license to France’s Airbus for the sale of 106 commercial planes to Iran Air, Iran’s flagship carrier, a source familiar with the matter told Reuters on Tuesday.

The Treasury’s Office of Foreign Assets Control issued the license on Monday, the source said on condition of anonymity.

Although Airbus is based in France, it must have U.S. approval to sell planes to Iran because at least 10 percent of the aircraft’s components are American-made.

Treasury’s move comes in the waning months of the Obama administration, which negotiated an international deal with Iran last year that lifted some sanctions in return for curbs on Tehran’s nuclear program. U.S. President-elect Donald Trump has threatened to dismantle the deal, which allows for the sale of commercial passenger aircraft to Iran.

Last week, the U.S. House of Representatives passed a bill that would block the sale of commercial aircraft to Iran, which would also affect sales by U.S. firm Boeing.

Photo Credit: Bloomberg

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