48136
Airbus Says OFAC Will “Soon” Issue Licenses
Economy, Domestic Economy

Airbus Says OFAC Will “Soon” Issue Licenses

The US Treasury Department Office of Foreign Assets Control “will soon” issue licenses to Airbus so that the French planemaker can sell aircraft to Iran, says deputy minister of roads and urban development Asghar Fakhrieh-Kashan, quoting Airbus officials as saying in their latest negotiations with Iran. “As soon as the OFAC permits are issued, it is expected that the first batch of new Airbus planes will join the Iranian fleet by autumn,” he was quoted by ILNA as saying on Sunday. A preliminary deal between Iran’s flag-carrier Iran Air and the French company to purchase 118 airplanes worth $25-27 billion, was struck in January after decades of sanctions on Iran’s aviation industry were lifted as part of last year’s landmark nuclear deal between Tehran and world powers. Many parts of Airbus planes, including some engines, are made in the United States. Iran has also signed a preliminary deal with American jetmaker Boeing to acquire 100 planes worth more than $20 billion. However,  the implementation of both deals have faced obstacles as Washington has refrained from issuing the licenses. Major banks and financial institutions are reluctant to fund the deals, fearing the wrath of the United States. Hardliners in the US House of Representatives recently proposed a measure that may well stop both companies from making sales to Iran as both businesses use a large number of US made parts. While US President Barack Obama is expected to veto that legislation, it has pushed back the clock for the airplane deliveries, much to the annoyance of Iranian officials. Last week, three separate groups of Boeing officials, including financial, legal and technical groups visited Iran to discuss the aircraft sale.

 

Short URL : http://goo.gl/tiGrFB
  1. http://goo.gl/XdMV2r
  • http://goo.gl/thHz6o
  • http://goo.gl/kX4ugn
  • http://goo.gl/ZAIX4g
  • http://goo.gl/LR6fFI

You can also read ...

European Gov’ts Exploring Financial Channels for Iran
The French, British and German governments have told Iran they...
EU to Protect Firms in Iran Following US Refusal to Grant Waivers
EU countries on Monday gave European firms legal cover to...
$312m Paid in Travel Currency in 3 Months
A total of $312 million were allocated by the Central Bank of...
Cuba Rolling  Out Mobile Internet Services
Cuba has started providing Internet on the mobile phones of...
Biggest Privatization Bid of the Year Set for July 31
Iranian Privatization Organization is scheduled to stage the...
IMIDRO Outlines Q1 Downstream, Upstream Steel Performance
A total of 11.22 million tons of iron ore concentrate was...
Iran, Ghana Sign Capital Market Deal
Capital market authorities from Iran and Ghana signed a...
Non-Oil Trade With China  Up 10%
Iran traded 7.38 million tons of non-oil commodities worth $5....

Trending

Googleplus