Airbus to deliver its first planes to Iran
- September 21
- Posted by: AerospaceU
- Category: Aerospace industry,
The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has granted to Airbus a license allowing it to sell the first 17 planes to Iran. Airbus spokesman, Justin Dubon, told AP that the first 17 planes will be A320s and A330s.
Although a European company, Airbus needs U.S. approval for the sale due to the U.S.-made parts that are in its jets. The agreement between Iran Air and Airbus covers the purchase of 118 planes, with the deal estimated to be worth around $25 billion.
The deal was made possible by last year’s agreement, which lifted sanctions on Iran in return for it curbing its atomic program.
Boeing has agreed as well to sell or lease more than 100 aircraft to Iran, under the terms of a contract covering a mix of 109 of the company’s 737s, 777s and 787s.