Boeing gets US license to sell spare parts to Iran

Boeing gets US license to sell spare parts to Iran
Sat Apr 5, 2014 11:25:42

General Electric Company has said it has received permission from the US government to overhaul 18 engines sold to Iran in the late 1970s.

General Electric spokesman Rick Kennedy said on Friday that the US Treasury Department had approved the company's application to service the 18 engines at facilities owned by GE or Germany's MTU Aero Engines, which is licensed to do the work under a temporary sanctions relief deal reached in January.

Kennedy said GE officials would meet with officials from Iran flag carrier IranAir and MTU in Istanbul in coming days to discuss Iran's needs.

Reuters reported in February that both Boeing and General Electric Co. had applied for permission to export spare parts for Iranian aircraft during a six-month window agreed by the Islamic Republic and six world powers in November.

Analysts say the move could help American firms to put themselves in a position to benefit if a broader softening of sanctions emerges from the talks.

Iran and the five permanent members of the United Nations Security Council -- Britain, China, France, Russia and the United States -- plus Germany sealed the interim deal in Geneva on November 24 to pave the way for the full resolution of the West’s decade-old dispute with Iran over the country’s nuclear energy program.

Tehran has repeatedly declared that its nuclear program is for peaceful objectives and the International Atomic Energy Agency (IAEA) has discovered nothing to prove any diversion in Iranian nuclear energy program, contrary to unverified claims by Western powers that Iran may be pursuing non-civilian aims as well.


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