Young Journalists Club | Latest news of Iran and world

News ID: 3834
Publish Date: 8:08 - 05 April 2014
A Boeing spokesman said that the aerospace giant has been granted permission by the US Treasury Department to sell plane parts to Iran following the nuclear deal between Tehran and six major world powers.

The company received the license this week and would now contact officials in Iran to determine which parts were needed, Reuters quoted the Boeing spokesman as saying on Friday.

He said the license covered export of certain spare parts for commercial Boeing airplanes sold to Iran before the 1979 Islamic Revolution and did not allow sales of new aircraft to the Islamic Republic.

Boeing said the license was granted as part of the sanctions relief granted to Iran under the Geneva nuclear deal.

Reuters reported in February that two major US aerospace manufacturers, Boeing and General Electric, applied for export licenses in order to sell airliner parts to Iran following the
interim nuclear agreement.

Analysts say the move could help US firms to put themselves in a position to benefit if a broader softening of sanctions is agreed.

Iran and the Group 5+1 (the five permanent UN Security Council members plus Germany) sealed the interim deal on November 24 to pave the way for the full resolution of the West’s decade-old dispute with Iran over the country’s nuclear energy program.

Under the Geneva deal, the six countries agreed to provide Iran with some sanctions relief in exchange for Iran agreeing to limit certain aspects of its nuclear activities during a six-month
period. It was also agreed that no nuclear-related sanctions would be imposed on the Islamic Republic within the same time frame.
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