Boeing Gets US Green Light to Sell Aircraft to Iran

boeing iran

US aircraft manufacturer Boeing said Wednesday that it has received the green light from the United States to sell new aircraft to Iran, a first since the 1979 Islamic Revolution.

This approval, which is in the form of a license, concerns an order  of $25 billion made by Iran Air aircraft to manufacturer in June. The two companies had signed at the time a Memorandum of Understanding pending the final decision of the US authorities.

We received a license and remain in negotiations with Iran Air, confirmed Marc Sklar, a spokesman for the US company. A final sale agreement should respect the framework of the license which was granted to us, he added.

The agreement with Iran Air covers 80 aircraft, ranging from the single-aisle 737 MAX to the 777, mainly the models 300ER and 900. Some 29 other planes will be leased to the Iranian company.

Boeing is expected to ask for another license if it is to sell more than 80 new aircraft to Iran Air, said a source close to the matter.

The order could be valued at about $ 25 billion, said to The Cubic Lane in June a source close to the matter who requested anonymity, but that amount could change by the finalization of the contract, airlines often get strong discounts from manufacturers.

The order was at a time threatened by US lawmakers, who had adopted in July a series of measures prohibiting large American financial institutions to grant lines of credit to Iran for the purchase of commercial aircraft that can be adapted for military purposes.

To be effective, these measures must still be approved by the full Congress.

Airbus, Boeing’s arch rival, also got the green light Wednesday from the United States to finalize the sale of 118 aircraft to Tehran.

Both groups were able to start commercial negotiations with Iran after the 2015 agreement on the nuclear program of Iran with major Western powers. The agreement eased the economic embargo against the Islamic Republic.



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Lives in Orlando, Florida. Likes the beach... He is also passionate about American foreign policy in the Middle East.

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