US to review Airbus and Boeing Iran export licenses

The head of the US Treasury, Steven Mnuchin, has said that the US will be reviewing licenses granted to Airbus and Boeing to sell aircraft to Iran, reports Reuters.

A330-200_Iran_Air_02
Iran Air’s first A330-200
Mnuchin made the announcement alongside calls for greater sanctions to be applied to Iran, North Korea and Syria.

Since the lifting of sanctions against Iran in 2015, Iranian airlines have busily been attempting to renew their ageing fleets.

Iran Aseman Airlines has signed a MOU with Boeing for the purchase of thirty B737 MAXs, with options for thirty more. Iran Air has a firm order for fifty B737 MAX 8s, fifteen B777-300(ER)s, and fifteen B777-9s, as well 100 Airbus aircraft.

Iran Air also recently concluded a deal to acquire up to forty ATR72-600s from ATR

“Boeing continues to follow the lead of the U.S. government with regards to working with Iran’s airlines, and any and all contracts with Iran’s airlines are contingent upon U.S. government approval,” a Boeing spokesperson is reported as saying.

The aircraft manufacturers require Washington’s approval to sell to Iran because a large proportion of their aircraft components are made in the United States.

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