US clears more Air­bus de­liv­er­ies to Iran

The Myanmar Times - - International Business -

THE United States has ap­proved a sec­ond ex­port li­cence for Air­bus to sell jet­lin­ers worth bil­lions of dol­lars to Iran’s flag car­rier, the Euro­pean avi­a­tion gi­ant said.

“We con­firm that we have re­ceived our sec­ond li­cence from the US Of­fice of For­eign Con­trol As­sets fol­low­ing the agree­ment [with Iran Air] signed in Jan­uary 2016 in Paris,” Air­bus told AFP.

“This will al­low us to pur­sue ne­go­ti­a­tions with Iran Air on fi­nal­is­ing the deal,” Air­bus said.

Air­bus clinched a pre­lim­i­nary agree­ment at the start of year to sell Iran 118 air­craft, but it also re­quired US ap­proval be­cause some of the planes’ com­po­nents are made in the United States.

The deal in­cludes the sin­gle-aisle A320 and the long-range A330 and is worth be­tween US$10 bil­lion and $11 bil­lion.

The first li­cence was granted in Septem­ber for Air­bus to sell 17 A320 and A330 jet­lin­ers to the na­tional air­line a the sec­ond li­cence will cover the rest of the or­der, an in­formed source said.

Iran Air has been sad­dled with an age­ing fleet due to years of sanc­tions on the Is­lamic repub­lic over its nu­clear pro­gram.

Iran’s cur­rent com­mer­cial avi­a­tion fleet, which has a poor air safety record, num­bers around 140 planes with an av­er­age age of around 20 years, with many in des­per­ate need of re­place­ment.

Iran projects a de­mand for be­tween 400 and 500 com­mer­cial air­lin­ers over the next decade.

Photo: AFP

Two Air­bus 320-200 of Ger­man car­rier Lufthansa in Dues­sel­dorf.

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