Boeing, General Electric Get U.S. License to Sell Spare Parts to Iran

April 4, 2014

Author: 

Andrea Shalal and Tim Hepher

Publication: 

Reuters

Boeing and General Electric received licenses from the U.S. Treasury Department to export spare parts for commercial aircraft to Iran.  The licenses were granted as part of a temporary sanctions relief deal that took effect in January, which only cover components needed to ensure the safe operation of older Boeing planes sold to Iran before the 1979 revolution.