U.S. Gives Airbus Go-Ahead to Send 17 Airliners to Iran
September 21 2016 - 12:00PM
Dow Jones News
Airbus Group SE on Wednesday said the U.S. government had
approved the transfer of jetliners to Iran Air in one of the
highest-profile trade breakthroughs since nuclear sanctions were
lifted on the Islamic Republic in January.
Airbus said it had been cleared to transfer 17 planes to Iran
Air. Some of those deliveries may occur as early as this year, a
spokesman said.
Airbus rival Boeing Co., the world's largest plane maker by
deliveries, said, "We believe their license application was
submitted prior to our similar request and that the government
follows a 'first in, first out' policy. We look forward to
receiving our license from the government shortly."
Iran this year announced multibillion-dollar deals with Airbus
and Boeing to kick off a fleet renewal program after years of
sanctions. The country's airlines operate some of the oldest plane
fleets and face restrictions on flying to some markets because of
the age of the equipment.
The Airbus deal had a list price value of $27 billion and
included aircraft as diverse as Airbus single-aisle planes and 12
of its flagship A380 superjumbos, which carry a list price of
$432.6 million each, though buyers typically get discounts.
The license approval from the U.S. government allows Airbus to
transfer A320 single-aisle planes and A330 widebodies to Iran Air.
Airbus sought the approvals to expedite the process. The spokesman
said the Toulouse-based plane maker expected the U.S. to green
light the second license in the coming weeks.
Write to Robert Wall at robert.wall@wsj.com and Doug Cameron at
doug.cameron@wsj.com
(END) Dow Jones Newswires
September 21, 2016 11:45 ET (15:45 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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