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.
PLANNING A VACATION TO FRENCH POLYNESIA, the Cook Islands or Fiji? Lucky you! While you really can’t go wrong with any of these exotic locales that beckon with white-sand beaches, mornings spent listening to soothing water lapping your bungalow, and immersion excursions with some of the world’s most amazing flora and fauna, not all islands are created equally.
Looking for a truly unique travel experience and considering a new vehicle? The Volvo Overseas Delivery Program is the perfect solution to create your own adventure of a lifetime. Volvo allows you to custom order your new automobile tailored to fit your needs and desires. They will fly you to Sweden to pick up your Volvo so you can drive and explore Scandinavia and Europe on your terms for up to two weeks.
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