FX Excursions

FX Excursions offers the chance for once-in-a-lifetime experiences in destinations around the world.

Treasury Department Approves Airplane Sales to Iran

by Megan Hill

Oct 13, 2016
Features

The U.S. Treasury Department last month approved airplane sales to Iran for both Boeing and Airbus, issuing both licenses to do business with Iran Air.

The landmark move comes after the United States lifted some sanctions against Iran as part of the 2015 nuclear deal between the United States, Iran and five other countries.

Earlier this year, Boeing signed a memorandum of agreement with Iran Air for the sale of 80 planes. Now with the treasury license, Boeing can complete those sales. Airbus plans to deliver 118 planes — A320s and A330s — to Iran Air as part of an agreement reached in January. Approval for that sale is expected soon.

The Treasury Department approvals were not without contention. Two measures passed by House Republicans in July sought to prevent any Boeing sales to Iran Air, citing concerns Iran could use the planes for the transport of military cargo.

“These licenses contain strict conditions to ensure that the planes will be used exclusively for commercial passenger use and cannot be resold or transferred to a designated entity,” a Treasury spokesperson said in an email to Travel Weekly.

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FX Excursions

FX Excursions offers the chance for once-in-a-lifetime experiences in destinations around the world.

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Lifestyle
Sep 24, 2021

Fall Travel Trends from Vacasa

With the autumn in full spring, now is time to start planning your fall weekend getaway.  Whether a relaxing weekend on the lake, leaf-peeping or hiking, check out these fall travel trends from vacation rental management company Vacasa.

Register Today for the Most Important Gathering of Business Travel Professionals

The Global Business Travel Association’s (GBTA) Convention 2021 will be unlike any other convention before it, as we come together in person for the first time since the business travel industry drastically changed and look forward to rebuilding and reshaping the future. GBTA Convention 2021 will bring all of us together to learn from experts and each other, in-person at Orange County Convention Center in Orlando, Florida, Nov. 17–19. The safety of our attendees is our top priority. View health and safety protocols.

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