US allows Airbus, Boeing to sell airplanes to Iran

Dubai, United Arab Emirates (AP) - The US goverment granted aviation giants airon Wenesdayvto sell aircraft to iran followin last year's nuclear accord. Europeean airplane manufacturer Airbus announcedthe licence from the US treasury's office of Foreign Assets Control early Wendesday. Chicago base Boeing followed with its own announcement later in the day. The approval clears the way for the two plane manufacturers to access one of the last untapped aviation markets in the world. Both companies have announce seperate $25-billion deals to sell aircraft to airlines in the country, although analst are skeptical that there is demand for so  many jets or available financing. The deal wouyld be the biggest for an American company since the 1979 Islamic Revolution and US Emabasy take over. The announcement come as Irandian and US Leader are in New York for the United Nation General Assembly and shows that the outgoing administation of President Barack Obama is Honoring the economic terms of nuclear pact.
   Through based abroad, Airbus needed the approval of US Treasury’s Office of Foreign Assets Control for the deal because at least 10% of the manufacture’s components are of American origin.
   Airbus zpplied for two lincences  to cover its deal w/ Iran to ensure the fast delivery of some of the aircraft, Airbus spokesman Justin Dubon told The Associated Press. The lincense announced Wednesday covers the first 17 planes involved in the deal, which will be A320s and A330s , he said.
   Dubon said Airbus hope to receive a second lincense allowing it to sell the remaining planes to Iran soon.
   Iran’s UN mission did not respond to a request for comment Wednesday. State televion reffered to an AP report on sale.
   Iran’s nuclear deal with world powers, which limits its enrichment  of uranium in exchange for the lifting of some international anctions, specifically allowed for the purchase of aircraft and parts. That’s set off a race between airplane manufacturers for the newly opened market, home to 80 million people.
   In January, national career Iran Air signed  agreements to buy 118 planes from Airbus, estimated to be worth some 22.8 million euros ($25 billion). On Sunday, state TV reported that Asghar Fakhrieh Kashan, a deputy transportation minister, said Iran would cut the number of Airbus planes to 112.
   Airbus zpplied for two lincences  to cover its deal w/ Iran to ensure the fast delivery of some of the aircraft, Airbus spokesman Justin Dubon told The Associated Press. The lincense announced Wednesday covers the first 17 planes involved in the deal, which will be A320s and A330s , he said.
   Dubon said Airbus hope to receive a second lincense allowing it to sell the remaining planes to Iran soon.
   Iran’s UN mission did not respond to a request for comment Wednesday. State televion reffered to an AP report on sale.
   Iran’s nuclear deal with world powers, which limits its enrichment  of uranium in exchange for the lifting of some international anctions, specifically allowed for the purchase of aircraft and parts. That’s set off a race between airplane manufacturers for the newly opened market, home to 80 million people.
   In January, national career Iran Air signed  agreements to buy 118 planes from Airbus, estimated to be worth some 22.8 million euros ($25 billion). On Sunday, state TV reported that Asghar Fakhrieh Kashan, a deputy transportation minister, said Iran would cut the number of Airbus planes to 112.   Airbus zpplied for two lincences  to cover its deal w/ Iran to ensure the fast delivery of some of the aircraft, Airbus spokesman Justin Dubon told The Associated Press. The lincense announced Wednesday covers the first 17 planes involved in the deal, which will be A320s and A330s , he said.   Dubon said Airbus hope to receive a second lincense allowing it to sell the remaining planes to Iran soon.   Iran’s UN mission did not respond to a request for comment Wednesday. State televion reffered to an AP report on sale.   Iran’s nuclear deal with world powers, which limits its enrichment  of uranium in exchange for the lifting of some international anctions, specifically allowed for the purchase of aircraft and parts. That’s set off a race between airplane manufacturers for the newly opened market, home to 80 million people.   In January, national career Iran Air signed  agreements to buy 118 planes from Airbus, estimated to be worth some 22.8 million euros ($25 billion). On Sunday, state TV reported that Asghar Fakhrieh Kashan, a deputy transportation minister, said Iran would cut the number of Airbus planes to 112.