U.S. grants second Airbus license to sell planes to Iran

November 26, 2016

Author: 

Yeganeh Torbati

Publication: 

Reuters

Related Country: 

  • France

The U.S. Treasury Department's Office of Foreign Assets Control issued a second license to French firm Airbus for the sale of 106 commercial aircraft to Iran. Airbus had previously been granted permission for the sale of 17 planes. Airbus needs approval for the sale because at least 10 percent of the aircraft's components are American-made. The U.S. Treasury has also placed restrictions on the planes, requiring that they only be used for commercial purposes.