US Treasury's Mnuchin: Revoking Boeing, Airbus licenses to sell jets to Iran
WASHINGTON - Licenses for Boeing Co and Airbus to sell passenger jets to Iran will be revoked, US Treasury Secretary Steven Mnuchin said on Tuesday after President Donald Trump pulled the United States out of the 2015 Iran nuclear agreement.
IranAir had ordered 200 passenger aircraft - 100 from Airbus SE, 80 from Boeing and 20 from Franco-Italian turboprop maker ATR. All the deals are dependent on US licenses because of the heavy use of American parts in commercial planes.
Boeing agreed in December 2016 to sell 80 aircraft, worth $17 billion at list prices, to IranAir under an agreement between Tehran and major world powers to reopen trade in exchange for curbs on Iran's nuclear activities.
The US Treasury Department, which controls licensing of exports, said the United States would no longer allow the export of commercial passenger aircraft, parts and services to Iran after a 90-day period.
